Sojitz, Lynas to study long-term rare earths deal

TOKYO, Nov 24 (BestGrowthStock) – Japanese trading house Sojitz Corp
(2768.T: ) said on Wednesday it has begun studying a long-term deal
with Australian miner Lynas Corp (LYC.AX: ) to supply Japan with
over 9,000 tonnes per year of rare earths for the next 10 years.

Earlier in the day, Sojitz said it would forge a rare earth
procurement deal with Lynas, underscoring a move by Japan to
reduce its reliance on China for the minerals, vital for making
auto parts and high-tech products. [ID:nTOE6AM06R]
(Reporting by Yuko Inoue; Editing by Joseph Radford)
([email protected]; +81-3-6441-1855; Reuters
Messaging: [email protected]))

Sojitz, Lynas to study long-term rare earths deal