BUZZ — Australia's Arafura gains on extending offtake deal with global wind turbine maker

* Shares of Arafura Rare Earths rise as much as 7.4% to A$0.183 in early trade, their highest level since September 14 * Stock logs largest intraday pct gain since September 8 * Rare earths explorer says its unit extends its existing offtake agreement with a major global wind turbine manufacturer * Arafura to supply up to 500 metric tons of NdPr oxide per year to the party for a period of five years, with potential extension of up to eight years * Adds, pricing in USD is linked to an independent and transparent global seaborne index * Stock down 32.4% YTD, including the day's moves (Reporting by Nikita Maria Jino in Bengaluru) ((Nikita.Jino@thomsonreuters.com;)