"Demand growth has not been matched by price growth," Lynas CEO Amanda Lacaze said.

Canadian government said it will buy stockpiled rare earth materials from Vital Metals to prevent the company from selling to a Chinese buyer.

Global supply chains for rare earths are realigning to diversify away from China.

Brazil holds the world's third-largest rare earth reserves.

Iluka Resources and Northern Minerals have become victims of cyber attacks in recent weeks.

The Canadian rare earths company said the review could include a sale, divestiture, or a merger.

The company has decided to "split" the project by submitting two separate EIAs that collectively cover the full life of the project.

The Tanbreez project in Greenland has a 28.2 million tonne TREO resource.