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JARE investing AUD200M in Lynas Rare Earths; heavy rare earths for Japan

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The new agreements will further strengthen the Lynas balance sheet and support funding of capital projects designed to meet accelerating global demand for rare earth materials. Australia-based Lynas Rare Earths Limited has signed new agreements with Japan Australia Rare Earths B.V. LRE supplied to Japan by Lynas from Mt.

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Pensana plans $125M rare earth separation facility in England

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The global rare earth market, driven by demand from industries including electric vehicles and offshore wind, is expected to increase five-fold by 2030 and the NdPr oxide price is forecast to increase at a CAGR of 4.8 - 9.9%, underpinning strong economics for the investment. China currently supplies 98% of Europe’s rare earth magnets.

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