“Australian mining group Lynas Rare Earths said Japan would pay a ‘floor price’ of $110 per kg for much of its output over the next 12 years of the ‘light’ rare earth alloy neodymium-praseodymium, and that it would also earmark for Japan much of its output of ‘heavy’ rare earths.”
“The minimum price is the same as the US government last year guaranteed Nevada-based miner MP Materials in a supply deal for NdPr, one of the more commonly used rare earth materials.”
“Price floors are intended to address concerns that Chinese producers will flood global markets with supply and bring prices crashing down as rival projects come close to starting production, forcing them to close down.”
“Much of Lynas’s NdPr was already committed to Japan before Tuesday’s agreement but was not subject to the $110 price floor. Lynas produced about 6,500 tonnes of NdPr in 2025.”
https://www.ft.com/content/6a314bd2-1505-4959-befc-b3b613b00633