Lynas Amends Supply Deal with JARE, Securing 5,000 Tons of NdPr and Heavy Rare Earths Annually

Published: Mar 11, 2026 10:13

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Lynas Rare Earths has amended its supply agreement with Japan Australia Rare Earths (JARE). The revised agreement secures 5,000 tonnes of neodymium-praseodymium (NdPr) from Lynas annually, while JARE commits to purchasing 50% of Lynas's annual production of heavy rare earths, such as dysprosium and terbium. The total rare earth oxides covered by the agreement are expected to exceed 7,200 tonnes per year.
Regarding pricing: A price floor of USD 110 per kilogram is established for the committed 5,000-tonne volume. If the market price exceeds USD 150 per kilogram, JARE will receive 30% of the excess amount over USD 150, subject to an annual cap of USD 10 million

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