Rare earths offtake agreement

Iluka advises that the company has concluded a binding, multi-year agreement for the supply of magnet rare earth oxides (neodymium, praseodymium, dysprosium and terbium) to a global automotive company. The offtake agreement is take-or-pay; commences in 2028 for an initial term of four years; and represents approximately 10% of Iluka’s planned production over that period, being 1,200t of magnet rar