Australia's Meteoric rises on rare-earths supply deal with Korea's POSCO International
29/07/2026 02:26
BUZZ-Australia's Meteoric rises on rare-earths supply deal with Korea's POSCO International ** Shares of Australia's Meteoric Resources MEI.AX rise as much as 8.6% to A$0.190, their biggest intraday pct gain since July 23
** MEI inks deal with South Korea's POSCO International 047050.KS to support development and financing for its Caldeira rare-earths project in Brazil
** Company says deal also opens the door for POSCO to explore a potential equity investment
** Stock up over 10% this year, including the day's move
(Reporting by Rajasik Mukherjee in Bengaluru)
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