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Story summary
- Lynas Rare Earths Ltd., the Australian producer, signed a long-term supply agreement with Japan Australia Rare Earths to deliver 5,000 tons per year of neodymium-praseodymium oxide through 2038.
- The deal includes a price floor of $110 per kilogram.
- It guarantees that 75% of Lynas' heavy rare earth output will be available to Japan, addressing concerns about China's dominance.
- Amanda Lacaze, Lynas Chief Executive, said fair pricing will reduce volatility.
