Brazil rare earths: South Korea's POSCO secures up to 30% of the Caldeira project's output, a boost for a local magnet chain.
Companies · Brazil
Key Facts
—The Deal POSCO signed a strategic offtake agreement with Meteoric Resources for the Caldeira rare earths project in Minas Gerais.
—Volume The South Korean group aims to secure up to 30% of Caldeira’s future production for a period of up to seven years.
—Strategic Mineral The project targets rare earths like neodymium, essential for manufacturing permanent magnets used in EV motors and wind turbines.
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