Why Lynas Rare Earths (ASX:LYC) Is Up 22.2% After New US-Japan Supply Deals And Price Floors
Lynas Rare Earths recently signed binding agreements to supply the U.S. Department of War with rare earth oxides worth about US$96 million over four years, while also extending and enhancing a long-term offtake and cooperation deal with Japan Australia Rare Earths through 2038, including floor pricing and heavy rare earth volumes. These twin government-backed arrangements deepen Lynas’s role as a non-Chinese supplier of critical minerals and introduce price floors that could meaningfully...
Lynas Rare Earths recently signed binding agreements to supply the U.S. Department of War with rare earth oxides worth about US$96 million over four years, while also extending and enhancing a long-term offtake and cooperation deal with Japan Australia Rare Earths through 2038, including floor pricing and heavy rare earth volumes. These twin government-backed arrangements deepen Lynas’s role as a non-Chinese supplier of critical minerals and introduce price floors that could meaningfully...