{
  "id": 11327713,
  "title": "Gina Rinehart-backed Lynas to buy rare earths miner Meteoric",
  "url": "https://urgent.news/2026/10/02/gina-rinehart-backed-lynas-to-buy-rare-earths-miner-meteoric",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-02T00:41:00.000Z",
  "source": {
    "name": "Free Malaysia Today",
    "slug": "free-malaysia-today",
    "url": "https://www.freemalaysiatoday.com/category/business/2026/10/02/gina-rinehart-backed-lynas-to-buy-rare-earths-miner-meteoric"
  },
  "original_language": "en",
  "account": "Australia's Lynas Rare Earths Ltd is set to acquire Brazilian miner Meteoric Resources Ltd in a deal worth approximately A$968 million. This acquisition will provide Lynas with access to a significant source of critical minerals in Brazil, diversifying the company's resources. Lynas, the largest rare earths producer outside China, will acquire Meteoric through an all-share deal, issuing 0.0207 shares for every share in Meteoric. Lynas currently mines and processes rare earths in Australia and Malaysia, with the metals used in various applications ranging from military equipment to smartphones. The Brazilian Caldeira project, which Lynas intends to develop, is one of the world's largest deposits of rare earths and is expected to yield key elements such as dysprosium and terbium. However, the project's completion is anticipated to cost over US$500 million. The acquisition requires government approval from Brazil, and there is an ongoing presidential election in the country, which may delay the process.",
  "summary": "Lynas Rare Earths Ltd's US$670 million all-share acquisition of Meteoric Resources Ltd will give it access to an emerging critical minerals supplier in Brazil.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Free Malaysia Today",
        "title": "Gina Rinehart-backed Lynas to buy rare earths miner Meteoric",
        "url": "https://urgent.news/2026/10/02/gina-rinehart-backed-lynas-to-buy-rare-earths-miner-meteoric-11331939",
        "published": "2026-10-02T00:41:00.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}