Lynas Rare Earths signed a memorandum of understanding (MOU) with MB (Menteri Besar), an investment agency of the Kelantan state government in Malaysia, to secure more rare earth raw materials and promote the development of the rare earth industry in Kelantan. According to the MOU, Lynas and MB will collaborate to strengthen the rare earth industry and provide raw materials for Lynas. The framework agreement indicates that after the MB project commences operations, it will supply Lynas with rare earth carbonate raw materials. This MOU is non-binding, and the final outcome will depend on the negotiations for the definitive agreement.