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.
Why did MEI rise 8.6% on 29 Jul 2026?
Meteoric Res.
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.
The market-sensitive ASX announcement of a POSCO strategic partnership, released just ~6.5 hours before the price move was detected, is the clear primary catalyst — a tier-1 offtake/partnership signal is a material de-risking event for a development-stage rare earths company. This announcement builds on a string of positive newsflow over the past week (42% ore reserve upgrade, Caldeira project advances) that had already primed sentiment, making the POSCO deal the decisive trigger. The broader materials sector (AXMJ +1.18%) provided a modest tailwind but was below abnormal threshold and insufficient to explain an 8.57% move on its own.
Written by a language model from the evidence below, and it can be wrong. Tell us and we will fix or remove it. General information only, not financial product advice. It does not consider your objectives, finances or needs. Past performance is not a guide to future performance.
Evidence
Company announcements
News coverage
Sector / macro signals
What it did to the 2 ETFs holding MEI
On $10,000 in each fund, at the weight it holds today