Lynas Rare Earths signs US$96m rare earth offtake and price floor commitment with DoW

Lynas Rare Earths has signed a binding Letter of Intent between its wholly owned subsidiary Lynas USA and the US Department of War (DoW) to finalise a rare earth oxide supply agreement. Under the arrangement, the DoW will allocate about $96miliion to purchase light and heavy rare earth oxide products from Lynas over a four-year period.