Lynas signs rare earths supply deal with Japanese firms
Lynas will supply 5,000 tonnes of magnet materials annually to Japan through 2038. The agreement aims to secure critical minerals and reduce reliance on China.
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Australia-based producer LYNAS RARE EARTHS LTD has finalized a restructured supply agreement with Japan Australia Rare Earths (JARE), establishing a guaranteed annual delivery of 5,000 tonnes of neodymium-praseodymium. This material is essential for the production of high-performance magnets used in various high-tech sectors.
