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

• 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.

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