Australia's Arafura Rare Earths rises on supply deal

ReutersMay 13, 2026 12:26 AM

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Shares of Arafura Rare Earths ARU.AX rise as much as 6.1% to A$0.350, logging their best intraday session since May 1

Stock hits its highest level since May 8

Rare-earth miner signs offtake term sheet with Traxys North America, a global physical trader in metals sector

Co says its unit has signed a deal to supply 500 metric tons per annum of neodymium-praseodymium (NdPr) oxide

NdPr oxide is a rare-earth material primarily used in electric vehicle (EV) motors and wind turbines

Stock up 33% this year, including the day's move

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