Japanese on the hunt for REEsLooks like the Japanese appetite for REEs will not diminish in the wake of the great earthquake and tsunami that struck northeastern Japan over two weeks ago...
https://af.reuters.com/article/metalsNews/idAFSDYUEE71820110330
Australia's Lynas in funding arrangement with Japan's Sojitz
SYDNEY, March 30 (Reuters) - Australian rare earth producer Lynas said on Wednesday it has entered into a $325 million financing arrangement with Japan's Sojitz Corp to accelerate expansion.
Under the agreement Lynas will allocate a minimum of 8,500 tonnes a year of rare earth to the Japanese market for ten years. Sojitz will also buy shares worth $25 million in Lynas for A$2.12 each, it said. (Reporting by Narayanan Somasundaram; Editing by Ed Davies)