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07 Nov
11:51

Arafura Rare Earth secures Hyundai as Nolans’ foundational offtaker

Australia’s Arafura Rare Earth announced Monday that Hyundai Motor Company has become a key foundation partner in its Nolan project, with a major neodymium-praseodymium (NdPr) offtake inked, Kallanish reports. The companies signed a seven-year offtake agreement for the supply of roughly 40% of the 85% annual production available for long-term sale arrangements at the project in the Northern Territory, Australia. Supplies will start in 2025 at 600 tonnes/year…
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