POSCO International signs rare earth supply MOU with Brazil’s Meteoric Resources

Reuters2026/07/31 02:02

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POSCO International signed an MOU with Brazil-based Meteoric Resources to negotiate a long-term rare earth supply agreement.
Deal covers rare earth intermediate products from Meteoric’s Caldeira project in Minas Gerais for POSCO International’s downstream processing.
POSCO International plans to produce rare earth oxides via its separation and refining project, targeting supply to permanent magnet makers.
The MOU also includes talks on a potential equity investment tied to the long-term offtake, ahead of a definitive agreement.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. POSCO Holdings Inc. published the original content used to generate this news brief on July 31, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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POSCO International signs rare earth supply MOU with Brazil’s Meteoric Resources

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