Lynas Rare Earths has secured a $110 per kilogram price floor for neodymium-praseodymium under a four-year off-take agreement with the U.S. Department of War. This move is seen as a significant step in reducing dependence on China, which controls roughly 90% of the global rare-earth supply chain. The agreement is part of a broader effort by the U.S. government to diversify its rare-earth supply chain and reduce its reliance on Chinese imports. Read more...
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