Australian and the US will cooperate on and invest in critical minerals and rare earth projects Photo: Lukas Coch/AAP PHOTOS

The Australia-US agreement on critical minerals and rare earths has been hailed as an historical deal that will help counter China's hold on the market and deliver benefits to at least two Australian projects.

Subscribe now for unlimited access .

Login or signup to continue reading All articles from our website The digital version of Today's Paper All other regional websites in your area Continue

WHAT DOES IT INVOLVE

* The US and Australia have now secured a supply chain for critical minerals and rare earths

* Each nation will add "at least" $US1 billion in investments to support a $US8.5 billion pipeline of critical projects over the next six

See Full Page