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Australia

Arafura, Australia signs agreement with Hyundai and Kia for rare earth metals

On November 7, Arafura Rare Earths Limited announced the signing of a binding offtake agreement with Hyundai Motor Company (Hyundai). Kia Corporation. The Offtake Agreement is for the supply of NdPr from the company’s Nolans Project (Project) to Hyundai over a seven-year term (which may be extended for a further five....

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