Rare earths miner Pensana has signed a nonbinding memorandum of understanding (MoU) with Japanese trading group Hanwa Co., Ltd for the offtake up to 20,000 tonnes per year of mixed rare earth carbonate (MREC). London-listed Pensana holds 84% of the Longonjo neodymium / praseodymium project in Angola, which aims to produce 20,000 t/y of MREC in 2026 and twice that amount by 2029 following planned expansions. In an announcement, Pensana said it will cooperate with Hanwa on marketing and distribution for the MREC globally and developing a strategic and sustainable supply chain for magnet metal ma…