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Iluka Secures 15-Year Rare Earth Supply from Malawi’s Kangankunde Mine
8:30am on Wednesday 6th of August, 2025 AEST
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Mining
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Iluka Secures 15-Year Rare Earth Supply from Malawi’s Kangankunde Mine
8:30am on Wednesday 6th of August, 2025 AEST
Key Points
15-year agreement for 6,000 tonnes per annum rare earth concentrate
US$20 million loan facility to support Kangankunde mine development
Supply to feed Eneabba refinery, Australia’s first integrated rare earths plant
Pricing linked to Iluka’s realised NdPr oxide prices, not Asian Metals Index
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