After China Curbs, Japan Secures 75% of Lynas’ Heavy Rare Earths

Australian miner Lynas Rare Earths Ltd. will reserve 75% of its heavy rare earth oxide production for Japan under a new supply agreement, a move that comes as Tokyo scrambles to secure supplies of the critical minerals amid escalating export controls from China.

In an announcement earlier this week, the world’s largest rare earths producer outside of China said it signed the deal with Japan Australia Rare Earths B.V. (JARE), a joint venture between state-backed Japan Organization for Metals and Energy Security (JOGMEC) and trading house Sojitz Corp.