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 fall 9.5% on 2 Sep 2026?
Meteoric Res.
MEI fell in line with a broad materials sector sell-off, with the ASX Materials index dropping over 2.6% on the same day
There are no company-specific announcements, news articles, or peer signals to explain an idiosyncratic move. The sole corroborating evidence is the GICS Materials sector index (^AXMJ) falling 2.6% on the same day, which directionally matches and is above its own ATR threshold, indicating a sector-wide sell-off. MEI's move of -7.14% is roughly 2.7x the sector decline, suggesting some stock-specific amplification (possibly thin liquidity given only 1.55x volume), but with no other evidence available, broad sector rotation remains the most defensible primary driver.
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
Sector / macro signals
What it did to the 2 ETFs holding MEI
On $10,000 in each fund, at the weight it holds today