Australia’s Lynas Revamps Deal to Supply Rare Earths to Japan

Australia’s Lynas revamps deal to supply rare earths to Japan

March 10 (Reuters) – Australia’s Lynas Rare Earths has revamped its supply agreement with Japan Australia Rare Earths, securing a firm annual commitment for 5,000 ​tonnes of neodymium‑praseodymium, a key rare‑earth magnet ‌material. Lynas, world’s largest rare earth producers outside China, will set aside 75% of its heavy rare earth oxide output for Japanese industry, with Japan Australia Rare Earths committing to buy half ‌of ​the firm’s total …

Lynas Rare Earths sets floor price in revised Japan supply deal

Lynas Rare Earths has struck an updated supply deal with its long-term Japanese trading partner and has set a price floor price of US$110 per kilogram for its rare earth magnet material.