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.

What does the critical minerals deal 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 ($1.5b) in investments to support a $US8.5 billion ($13b) pipeline of critical projects over the next six months.

Those projects will be in Australia and the US.

What Australians projects are involved

Australia has named two priority projects: the Alcoa-Sojitz Gallium Recovery Project in WA and the Arafura Nolans project in the Northern Territory.

The Alcoa project will receive up to $US200 million

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