Lynas Corp Inks Long-Term Deal To Supply Rare Earths To BASF
02 September 2011 - 9:06AM
Dow Jones News
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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