# Meteoric Resources to supply rare earths to Brazil magnet factory

Meteoric Resources signed a preliminary agreement to supply rare earth raw materials to the Lab Fab permanent magnet facility in Minas Gerais, Brazil, for pilot magnet production.

- Type: Partnership
- Announced: 2024-06-25
- Where: Minas Gerais, Brazil, Brazil
- Status: announced
- Capacity: 100 tonnes of permanent magnets per year
- Products: rare earth magnets, mixed rare earth carbonate, separated rare earth oxides
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md), [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Meteoric Resources](https://endata.com/companies/78248.md)
- [Lab Fab](https://endata.com/companies/78249.md) (partner)

## Sources

- [mining.com](https://www.mining.com/web/australias-meteoric-to-supply-brazil-rare-earths-magnet-factory/), 2024-06-25: "Meteoric has signed a preliminary agreement that includes raw material supply to the Lab Fab permanent magnet facility for the pilot production of rare earth magnets."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.