Australia's Arafura Rare Earths rises after signing rare earth feed deal
30/06/2026 04:28
BUZZ-Australia's Arafura Rare Earths rises after signing rare earth feed deal ** Shares of Australia's Arafura Rare Earths ARU.AX gain 4.3% to A$0.2450, set for their biggest gain since May 21, if trend holds
** Rare earths explorer says binding term sheet signed 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
** ARU down 9.3% YTD
(Reporting by Keshav Singh Chundawat in Bengaluru)
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