Lynas Signs Contract With Japan Rare Earths Consumer
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Lynas Corp., building a A$550 million ($532 million) rare earths project in Australia, agreed to supply a Japanese customer, a day after Japan said China’s “de facto” export ban on the materials may harm its economy.
“Lynas is extremely pleased to sign this contract with one of the leading companies in their specific market,” Executive Chairman Nicholas Curtis said, without identifying the customer. The rare earths will be supplied from the Sydney- based company’s Mt. Weld project and produced at its plant in Kuantan, Malaysia, when it starts up next year.