Australia's Arafura gains on extending offtake deal with global wind turbine maker
18/09/2026 01:49
BUZZ-Australia's Arafura gains on extending offtake deal with global wind turbine maker ** Shares of Arafura Rare Earths ARU.AX rise as much as 7.4% to A$0.183 in early trade, their highest level since September 14
** Stock logs largest intraday pct gain since September 8
** Rare earths explorer says its unit extends its existing offtake agreement with a major global wind turbine manufacturer
** Arafura to supply up to 500 metric tons of NdPr oxide per year to the party for a period of five years, with potential extension of up to eight years
** Adds, pricing in USD is linked to an independent and transparent global seaborne index
** Stock down 32.4% YTD, including the day's moves
(Reporting by Nikita Maria Jino in Bengaluru)
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