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Lynas Locks in US$96M US Defense Rare Earth Supply Deal

9:02am on Monday 16th of March, 2026 AEDT Materials
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Lynas Locks in US$96M US Defense Rare Earth Supply Deal

9:02am on Monday 16th of March, 2026 AEDT
Key Points
  • Binding Letter of Intent signed with US Department of War
  • US$96 million allocated for rare earth oxide purchases
  • Four-year supply framework for Light and Heavy Rare Earth oxides
  • US$110/kg floor price set for NdPr oxide
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