Japan-Australia Rare Earth Supply Contract Renewal
Sector: Electric Vehicles (EVs) • Location: Australia
Source: Lowy Institute
Japan's government, through JOGMEC and in cooperation with Australia's Lynas Rare Earths, has renewed a supply contract to secure 7,200 metric tonnes annually of neodymium and praseodymium until 2038. The agreement includes a minimum price guarantee mechanism to stabilize market volatility and ensure supply chain security for critical minerals used in electric vehicle motors.
- Status
- Closed
- Sector
- Electric Vehicles (EVs), Automotive, Government, Warehouse
- Location
- Australia
- Updated
- 22 Jul 2026
- Source
- Lowy Institute
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Project Information
Participants
| Not available for this record. |
Status
Original status | awarded |
Taiyo status | Closed |
Taiyo last update | 2026-07-22 |
Contact
| Not available for this record. |
Description
Description | Japan's government, through JOGMEC and in cooperation with Australia's Lynas Rare Earths, has renewed a supply contract to secure 7,200 metric tonnes annually of neodymium and praseodymium until 2038. The agreement includes a minimum price guarantee mechanism to stabilize market volatility and ensure supply chain security for critical minerals used in electric vehicle motors. |
Original sector | Mining and Minerals |
Location
Country | Australia |
Source
Source | Lowy Institute |
URL |
More Details
Record type | Project |
Sector | Electric Vehicles (EVs), Automotive, Government, Warehouse |
Article published date | 2026-03-21 |
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