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Lynas Rare Earths Limited (ASX:LYC)

ALERT: Price-sensitive ASX Announcement for LYC
Current share price for LYC : $15.590 -2.13 (-12.02%)+
Announcement
Release
10 Mar 2026 6:07PM
Price at Release
$17.720
Full Release
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Summary
Lynas Rare Earths Ltd has updated its long-term agreement with Japan Australia Rare Earths B.V. (JARE) to supply rare earths to the Japanese industry. The agreement, extended to 2038, includes a commitment from JARE to purchase 5,000 tonnes of NdPr annually at a minimum price of US$110/kg, with provisions for upside sharing if prices exceed US$150/kg. Additionally, JARE has agreed to purchase 50% of all HRE oxides produced by Lynas. This arrangement supports sustainable global supply chains and cements Lynas' position as a reliable supplier to Japan.
Key Points
  • Updated long term agreement to 2038
  • US$110/kg NdPr floor price
  • Commitment to purchase 5,000 tonnes of NdPr per annum
  • 50% of HRE oxides to be purchased by JARE
  • Upside sharing arrangement above US$150/kg NdPr
  • Lynas is key supplier to Japanese industry
  • Agreement supports sustainable global supply chains
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.