US President Donald Trump and Australian Prime Minister Anthony Albanese have signed an agreement to strengthen the supply of rare earths and other important minerals, as the Trump administration works to reduce China ’s control over the market. Albanese said the deal will help fund a group of projects worth $8.5 billion that aim to boost Australia’s mining and processing capacity.

US-Australia Critical Minerals Deal – Key Points

According to the agreement, both countries will invest $1 billion in related projects in the US and Australia over the next six months. The US and Australia have been cooperating on this issue since Trump’s first term, but Albanese said this new deal will take their partnership to the next stage.

Trump also spoke about Australia’s multi-billion-dollar submar

See Full Page