Lynas Seeks Deal For Rare Earth Price Floors in Talks With US

Lynas Rare Earths Ltd. is trying to secure a deal with the US Department of Defense to get government-backed price floors for its supplies, similar to those granted to a major US producer last year.

Discussions between the Pentagon and the Australian company were delayed by the US government shutdown last quarter, Chief Executive Officer Amanda Lacaze said in an interview. Price support is a key focus of the negotiations, she said.