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U.S. Government Signs $96M Rare Earths Deal with Lynas

3/16/2026

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Summary

Story summary

On March 16, 2026, Lynas Rare Earths announced Lynas USA LLC signed a binding letter of intent with the U.S. government to supply rare earth oxides.
The Pentagon will invest $96 million to purchase light and heavy rare earth oxide products.
The four-year agreement sets a minimum price of $110 per kilogram for NdPr oxide.
The deal followed an earlier agreement revision due to uncertainties about a Texas processing facility.

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Story summary

On March 16, 2026, Lynas Rare Earths announced Lynas USA LLC signed a binding letter of intent with the U.S. government to supply rare earth oxides.
The Pentagon will invest $96 million to purchase light and heavy rare earth oxide products.
The four-year agreement sets a minimum price of $110 per kilogram for NdPr oxide.
The deal followed an earlier agreement revision due to uncertainties about a Texas processing facility.