Lynas strikes supply deal with US Department of War
10 Articles
10 Articles
Lynas strikes supply deal with US Department of War
Lynas Rare Earths and the Trump administration have shelved plans to build a Texas refinery backed by the US Department of Defense funding, pivoting instead to a supply deal for critical minerals used in modern weapons systems.
Australian rare earth miner Lynas Rare Earths has signed a letter of intent worth over 100 million Australian dollars with the U.S. Department of Defense (DoD) to help the United States bolster its mineral reserves in response to competition from Beijing.
Lynas Rare Earths, Power Metallic Mines, Mosaic – 3 Winners in the Raw Materials War
Lynas Rare Earths – Mega-Deal Challenges China’s Monopoly The global supply of rare earths is facing a massive structural transformation. Since China’s export restrictions in 2025, Western industrial nations have been working feverishly to free themselves from strategic dependence on Beijing. China currently controls an estimated 90–95% of global rare earth processing capacity. The West’s stated goal is now to break this monopoly within the next…
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