The Conversation (0)
Mining Weekly reported that Lynas Corporation (ASX:LYC) has said it is looking to bring on more long-term offtake agreements in light of customers looking for price predictability.
Mining Weekly reported that Lynas Corporation (ASX:LYC) has said it is looking to bring on more long-term offtake agreements in light of customers looking for price predictability.
As quoted in the publication:
MD Amanda Lacaze told shareholders at the company’s annual general meeting that Lynas already had a long-term contract in place for its cerium product, which had a mutually beneficial pricing mechanism that had been exercised in both directions.
“The greatest value to both our firms has been the guarantee offtake/supply. For Lynas, this has allowed us to grow production knowing that we have a key customer for our highest-volume, lowest-value product.”