JARE additional equity investment in Lynas and heavy rare earth offtake
Summary
Japan Australia Rare Earth (JARE), co-founded in 2011 by Sojitz and JOGMEC, decided an additional AUD 200 million equity investment in Lynas Rare Earths for Lynas' mid-term growth plan, which includes light-REE production capacity expansion and the start of heavy-REE (dysprosium, terbium) separation. Sojitz and JOGMEC also entered into an agreement with Lynas to supply up to 65% of the heavy REEs produced by Lynas from Mt Weld feedstock to the Japanese market. JARE is a joint Sojitz–JOGMEC vehicle, and the release does not break the AUD 200 million down between the two.
Analytical significance
The clearest long-run example of patient state-backed offtake-plus-equity to build non-Chinese heavy-REE supply, the chokepoint China most dominates.
Instruments in this event
The separate financial commitments and control clauses this announcement contains, each with its own status history and evidence.
Financial instruments (2)
Lynas Rare Earths Limited
AUD200 millionLynas mid-term growth plan: light rare earths production capacity expansion and heavy rare earths separation commencement
Lynas Rare Earths Limited
No amount statedJARE additional equity investment in Lynas and heavy rare earth offtake
Framing anchors
Official framing, classified only from quoted passages.
diversifying the supply sources which are currently concentrated to China
JOGMEC's stated purpose for the additional Lynas investment and heavy-REE offtake.
Affected materials
Related events
Events touching the same materials.
Sources (1)
Securing Supply of Heavy Rare Earths to Japan with Additional Investment to Lynas
Primary sourceJOGMEC
JOGMEC news release on the JARE additional equity investment in Lynas and the heavy-REE offtake. Date confirmed by fetching the primary. URL canonicalized 2026-07-09 after a JOGMEC site restructure (news_10_00029.html now redirects here); content re-verified as the same release.
https://www.jogmec.go.jp/english/news/release/release_00228.html
Citation
Cite this record
This cites the record — the project's coding of the instrument. For a claim about what a government actually did, cite the primary document itself; the sources above carry the canonical URLs.
Strategic Materials Policy Tracker. "JARE additional equity investment in Lynas and heavy rare earth offtake." Record evt-jp-jogmec-lynas-2023, 2023-03-07. https://strategic-materials-policy-tracker.vercel.app/events/evt-jp-jogmec-lynas-2023