Overview
- Lynas secured a firm annual commitment to supply 5,000 tonnes of neodymium‑praseodymium to Japan under a revamped pact with Japan Australia Rare Earths.
- Pricing includes a $110 per kilogram floor for the committed volume, with JARE receiving 30% of any price gains above $150/kg capped at $10 million per year.
- Lynas will allocate 75% of its heavy rare earth oxide output to Japanese industry, and JARE committed to purchase half of the company’s total heavy rare earth production.
- Total supply capacity is preserved at up to 7,200 tonnes per year through 2038, providing a multi‑year commercial horizon.
- JARE, co‑owned by Japan’s state metals and energy security body and Sojitz, previously provided A$200 million in 2023, as Japan and allies work to diversify supplies from China’s magnet sector dominance.