Lynas Rare Earths Stock Price Holds Weekly Gains as Fresh Japan MOU Broadens Growth Plans
Lynas Rare Earths shares fell 2.2% to A$20.70 Friday after the company signed a non-binding MOU with Japan Australia Rare Earths to expand cooperation on exploration and mine development. The move follows a March 10 supply deal guaranteeing 5,000 tonnes of NdPr annually to Japan through 2038 at a US$110/kg floor price. Lynas surged earlier in the week after the deal but remains above Tuesday’s close.