<figure id="attachment_3254911" aria-describedby="caption-attachment-3254911" style="width: 1600px" class="wp-caption aligncenter"><img loading="lazy" class="wp-image-3254911 size-full" src="https://media.freemalaysiatoday.com/wp-content/uploads/2026/01/c230f87b-afp__20101003__hkg4090334__v2002__midres__australiachinaminingresourcescommodities_cropped_1.webp" alt="" width="1600" height="1000" /><figcaption id="caption-attachment-3254911" class="wp-caption-text">Lynas said the deal with Japan included a commitment to supply at least 5,000 tonnes of neodymium-praseodymium a year until 2038. (EPA Images pic)</figcaption></figure>
SYDNEY: Shares in Australian miner Lynas Rare Earths surged today after the firm struck a major supply deal with Japanese customers for minerals that are crucial to an array of new technologies.
Lynas, the world&#8217;s biggest producer of separated rare earth materials outside China, jumped 13.8% in Sydney.
Rare earths are a key ingredient in products ranging from smartphones to fighter jets, electric cars and wind turbines, and China is by far the world&#8217;s biggest producer.
Lynas said yesterday it had extended an agreement to supply Japanese industry with rare earth metal neodymium-praseodymium (NdPr), which is used to make permanent magnets for highly efficient machinery.
The Australian miner said it included a commitment to buy at least 5,000 tonnes of NdPr a year until 2038, with an agreed floor price.
Lynas said it also would make available 75% of all its heavy rare earth oxides to Japanese industry, which was represented by partly government-owned Japan Australia Rare Earths.
&#8220;This new agreement will ensure continued reliable supply of rare earth products that are strategically important to Japanese industry and its global market,&#8221; Lynas chief executive Amanda Lacaze said in a statement.
&#8220;At the same time, the implementation of fair market pricing will reduce price volatility for Lynas and enable continued growth and investment in our operations,&#8221; Lacaze said.

MatchPoint Times

Australian rare earths miner Lynas’ stock soars after Japan deal

The world’s biggest producer of separated rare earth materials outside China saw its share jump 13.8% in Sydney.

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