Lynas Pentagon Deal Highlights Growing Government Backed Rare Earth Demand
Lynas Rare Earths (ASX:LYC) has signed a binding letter of intent with the US Department of Defense to supply rare earth oxides for four years. The agreement covers material used in critical US military and manufacturing applications. The deal extends Lynas' role as a non Chinese supplier of rare earths beyond its existing customer base in Japan. Lynas Rare Earths focuses on producing and processing rare earth materials that feed into magnets, electronics and defense systems. For investors...
Lynas Rare Earths (ASX:LYC) has signed a binding letter of intent with the US Department of Defense to supply rare earth oxides for four years. The agreement covers material used in critical US military and manufacturing applications. The deal extends Lynas' role as a non Chinese supplier of rare earths beyond its existing customer base in Japan. Lynas Rare Earths focuses on producing and processing rare earth materials that feed into magnets, electronics and defense systems. For investors...