The US government has agreed to buy almost Au$140 million worth of critical minerals from Lynas Rare Earths, reinforcing the White House’s push to secure non-Chinese sources of the elements widely used in the defence industry. Under a binding letter of intent, the US Defence Department will buy light and heavy rare earth oxides over four years with a floor price of $US110 per kilogram.
https://www.afr.com/companies/mining/lynas-rare-earths-texas-refinery-wins-lifeline-from-pentagon-deal-20260316-p5oasj