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LYC Lynas Rare Earths Limited

6.925
0.115 (1.69%)
Last Updated: 03:57:13
Delayed by 20 minutes
Share Name Share Symbol Market Type
Lynas Rare Earths Limited ASX:LYC Australian Stock Exchange Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.115 1.69% 6.925 6.92 6.93 6.955 6.81 6.81 1,352,674 03:57:13

Lynas Corp Inks Long-Term Deal To Supply Rare Earths To BASF

02/09/2011 12:06am

Dow Jones News


Lynas Rare Earths (ASX:LYC)
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Lynas Corp. (LYC.AU) said Friday it has signed a long-term agreement to supply rare earths to German chemicals giant BASF SE (BAS.XE) from its Malaysian facility.

"BASF's fluid catalytic cracking business consumes lanthanum and the contract shall secure a substantial portion of BASF's long-term lanthanum requirements, with a pricing mechanism tied to market price," Lynas said in a statement to the Australian Securities Exchange.

-By David Winning, Dow Jones Newswires; +61-2-82724688; david.winning@dowjones.com

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