Lynas, the largest rare earth refiner outside of China, has signed a binding letter of intent with the US Department of Defense to finalise an agreement to supply the country’s defence sector with rare earth minerals for four years.

“Through this agreement, the US defence industrial base will continue to have access to light and heavy rare earth oxides that are essential for modern manufacturing,” its CEO and managing director, Amanda Lacaze, said in a statement from the company today.

Lynas said...