Lynas Rare Earths is pushing hard to land a government-backed deal with the US Department of Defense—one that would lock in price floors for their materials, matching the protection arrangements the Pentagon extended to a major domestic US producer last year.

This move signals how geopolitical supply chain concerns are reshaping resource procurement. When governments start guaranteeing price stability for critical materials, it typically means one thing: scarcity fears and dependency worries are real. The rare earths market, already volatile, could face structural shifts if such agreements become standard practice.

For those tracking how policy decisions ripple through commodities and related asset classes, this is worth watching. Government intervention in price discovery rarely stays contained to just one sector.