Lynas Rare Earths LimitedASX: LYC

Lynas signs new customer contract

· Issued by Lynas Rare Earths Limited

Filed with ASX · · 2 pages · English

Summary by 6ix AI

Lynas Rare Earths Limited has signed a new supply agreement with a major Japanese Rare Earths consumer for the supply of Mount Weld Rare Earths from its Advanced Materials Plant in Malaysia. The contract includes an evergreen clause and is based on the China FOB market price at the time of delivery, plus delivery costs. Lynas' Executive Chairman stated that this contract marks a significant milestone for the company and reflects increased customer interest in their products. The company is also actively engaging with potential customers in Europe, Japan, and the USA.

Written by 6ix AI from the company’s filing. How 6ix writes summaries

On 6ix: 6ix.com/news/lynas-signs-new-customer-contract-1

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