Meteoric Res. (MEI) is held by 2 ASX ETFs. Over the last 3 months it rose 32.4%: on $10,000, +$3235. We explain 6 big moves in that time.
About MEI
- SectorMaterials
- IndustryMaterials
- Size$683.9m
- Held by2 ETFs
- Big moves6 in 3M
Each dot is a move we explain. Tap one, or a row of Why it moved, to see what caused it.
Why it moved
- +47.1%peak +55.9%1 Oct 2026· Takeover / M&A
Lynas Rare Earths announced a $968 million takeover bid for Meteoric Resources (MEI.AX), driving a ~56% surge in MEI's share price.
- −9.5%peak −11.9%2 Sep 2026· Sector Flow
MEI fell in line with a broad materials sector sell-off, with the ASX Materials index dropping over 2.6% on the same day
- +7.0%peak +7.9%25 Aug 2026· Sector Flow
MEI.AX rose sharply alongside a broad materials sector rally, with no company-specific announcement to explain the move.
- +5.0%peak +7.5%21 Aug 2026· Sector Flow
The broader ASX Materials sector surged strongly, lifting MEI along with other sector peers on the same day.
- +13.2%peak +18.4%4 Aug 2026· Operational
Meteoric Resources shares surged after the company reported a major 246% increase in its Caldeira rare earths measured resource in Brazil, with continued momentum from a POSCO partnership announcement and growing investor interest in the project.
- +8.6%29 Jul 2026· Contract
Meteoric Resources surged after announcing a strategic partnership with South Korean steelmaking giant POSCO to advance its rare earth element supply chain, validating the commercial potential of its Caldeira project.
Held by 2 ETFs
Of every $10,000 in each fund, how much is in MEI today.