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

![Rare Earth Prices Rose While Volumes Fell in April, Export Data Improved — How Will the Market Perform Amid the Tug-of-War Between Sellers and Buyers? [SMM Monthly Analysis]](https://imgqn.smm.cn/usercenter/wHkop20251217171744.jpeg)

