US EditionUS, Australia Sign $3B Critical Minerals Deal Amid China Export Controls
- On Monday, U.S. President Donald Trump and Australian Prime Minister Anthony Albanese signed a critical-minerals agreement in the White House Cabinet Room, creating an $8.5 billion pipeline of projects.
- China announced strict export controls earlier this month, escalating trade tensions as Beijing dominates rare earth refining and the U.S. depends on Chinese imports.
- The framework commits $3 billion in joint investments over six months, including $1 billion immediate financing, while the Export-Import Bank plans $2.2 billion and the Pentagon backs a gallium refinery.
- The agreement aims to secure U.S.-Australia supply-chain security and deepen ties, with Trump pledging to accelerate delivery of three Virginia-class submarines before meeting Chinese President Xi Jinping.
- Longer-Term moves include strategic-reserve sales and market safeguards, as Australia signals willingness to sell shares in a strategic reserve of critical minerals and sets a minimum price floor, positioning itself as one of the few processors of rare earths outside China.
440 Articles
440 Articles
DECRYPTAGE - By investing on the mainland island, the United States is seeking to loosen Beijing's global grip on rare earths and other strategic minerals.
Trump signs major critical minerals deal so US can break free from China · American Wire News
President Donald Trump signed a deal with Australia on Monday that will grant the U.S. access to the nation’s rare earth minerals in exchange for Australia investing in America’s defense companies. “In about a year from now, we’ll have so much critical minerals and rare earths that you won’t know what to do with them,” Trump said. President Trump announces a new deal with Australia on critical and rare earth minerals: “In about a year from now,…
Australia's prime minister had to wait ten months for an appointment with Trump, which ran pretty well for Albanese. Trump's grudge met another.
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