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.
372 Articles
372 Articles
The United States and Australia have agreed to strengthen supply chains for rare earth and critical minerals to counter China's dominance.
US, Australia sign rare earths deal | Northwest Arkansas Democrat-Gazette
U.S. President Donald Trump signed an agreement with visiting Australian Prime Minister Anthony Albanese to boost access to critical minerals and rare earths as the U.S. looks to reduce reliance on Chinese supply chains.
The Chinese government has very upset US President Donald Trump with the export ban on rare earths. Cooperation with Australia is intended to reduce American dependence.
The US and Australia have signed an agreement aimed at stimulating the supply of rare land and other critical minerals, in the context that the Trup administration is looking for ways to counter China's market domination, reports BBC. The Prime Minister...
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