(Reuters) -U.S. President Donald Trump and Australian Prime Minister Anthony Albanese agreed on Monday to ensure a steady supply of critical minerals and rare earths, as the United States moves to reduce its reliance on Chinese supply.
The U.S. Export-Import Bank (EXIM) issued seven letters of interest (LOIs) on Monday for more than $2.2 billion of financing, unlocking up to $5 billion of total investment, to advance critical minerals and supply chain security projects between the two countries.
These are the Australian mining companies that have announced details about their receipt of LOIs from EXIM:
AGREEMENTS ANNOUNCED ON MONDAY
VHM
VHM received an updated letter of interest from EXIM for up to $200 million in funding, with an improved term of up to 15 years in potential financing