Australia's Lynas Rare Earths gains on signing rare earths deal with Malaysian co

Shares of Australia's Lynas Rare Earths LYC.AX rise as much as 3.2% to A$8.030, their biggest intraday gain since May 22

Rare earths producer signs memorandum of understanding for supply of mixed rare earths carbonate from Malaysia's Menteri Besar (MB) Inc

Agreement provides framework for MB Inc. and Lynas to negotiate a definitive agreement for supply MREC feedstock to the Lynas Malaysia advanced materials plant - LYC

Stock has risen nearly 21% this year, as of 0226 GMT