Minas Gerais is about to matter a lot more

Australia's Lynas Rare Earths is buying Meteoric Resources in a A$968 million (US$673 million) all-share deal — taking over the Caldeira project in Brazil's Minas Gerais, home to a massive ionic-clay rare earth deposit. For Brazil, it's a vote of confidence in its critical-minerals future — and more of the materials the clean-energy transition runs on.