Original article by Brad Thompson
The Australian Financial Review – Page: Online : 13-Aug-19
Federal Defence Minister Linda Reynolds says it is important that Australia ensures it has secure supplies of critical resources, in particular rare earths. Reynolds notes that defence firms need access to rare earths, as rare earths are used in the production of defence equipment. She welcomed the announcement on 12 August by heavy rare earths supplier Northern Minerals that it had signed a 100 per cent off-take agreement with Thyssenkrupp, which is one of the largest materials distributors to the Western world. The announcement followed just days after Northern Minerals terminated an off-take agreement with Chinese firm Lianyugang Zeyu New Materials Sales Company.
AUSTRALIA. DEPT OF DEFENCE, NORTHERN MINERALS LIMITED – ASX NTU, LIANYUGANG ZEYU NEW MATERIALS SALES COMPANY, LYNAS CORPORATION LIMITED – ASX LYC