Pentagon, Australia’s Lynas Sign $96 Million Rare Earths Deal

Image caption: The Defense Department and Australian mining company Lynas have signed a $96 million rare earths deal  Image credit: United States Geological Survey (USGS)

The Defense Department and Australian mining company Lynas have signed a $96 million rare earths deal.

Credit: United States Geological Survey
The Pentagon and the Australian mining company Lynas have signed a $96 million agreement aimed at boosting the U.S. supply of rare earth minerals essential for defense systems. Under the binding letter of intent announced March 16, the Department of Defense will purchase light and heavy rare earth...
Matthew Fulco

Matthew Fulco was Business Editor for Aviation Week, focusing on commercial aerospace and defense.

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