Posco advances rare earth supply deal in Brazil

Posco International is expanding into Brazil's rare earth market, partnering with a mineral exploration company to secure and diversify its critical minerals supply chain, the company said Wednesday.

The trading and energy arm of Posco Group signed a memorandum of understanding with Meteoric Resources, an Australia-based rare earth developer, to secure a stable supply of rare earth materials, part of a wider effort to reduce reliance on any single country for minerals tied to national security a ...