Arafura Rare Earths set to mark best week in 2 months on rare earth feed deal
03/07/2026 06:15
BUZZ-Arafura Rare Earths set to mark best week in 2 months on rare earth feed deal ** Shares of Australia's Arafura Rare Earths ARU.AX rise as much as 3% to A$0.258, their highest level since June 24
** Up around 6% on week, set to mark its best week since late-April
** Rare earths explorer signs a binding term with a member of an Indian industrial group for 500 tonnes per annum of rare earth magnet feed over an initial five-year period
** Deal signed with an option to extend for a further two years by mutual agreement, with pricing to be based on a seaborne traded index
** Adds funding strategy is nearing completion with lenders working through final credit approvals ahead of executing project finance documentation
** Down 6% YTD, including the session's moves
(Reporting by Anjali Singh in Bengaluru)
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Arafura Rare Earths set to mark best week in 2 months on rare earth feed deal