Arafura Rare Earths Limited (Arafura) has announced the signing of an offtake agreement with Siemens Gamesa Renewable Energy for the supply of rare earth materials.
The offtake agreement is for the supply of NdPr metal from the company’s Nolans Project in Australia to Siemens Gamesa over a five-year term (which may be extended for a further two years by mutual agreement). Contract volumes (per Contract Year) for NdPr Metal are 200 tonnes per annum (tpa) commencing in 2026, increasing to 360tpa in year two and 400tpa in years three to five to align with ramp up of the Project. The NdPr from Nolans will be used in the manufacture of permanent magnets used in offshore wind turbines assembled at Siemens Gamesa’s Cuxhaven production facility in Germany.
