Lynas Secures $96 M Pentagon Deal, Cutting China’s Rare‑Earth Grip
Australian miner Lynas Rare Earths signed a binding LOI to sell light and heavy rare‑earth oxides to the U.S. Department of Defense for about $96 million over four years, with a $110/kg floor price. The contract shores up U.S. defense supply chains and marks a concrete step in reducing reliance on China’s monopoly.