Prime Minister Anthony Albanese has dined alongside US President Donald Trump in South Korea ahead of Trump's high-stakes meeting with China's leader.

Trump was the star of the show at a dinner overnight with seven other leaders from APEC nations in the city of Gyeongju, hosted by South Korean President Lee Jae Myung.

Albanese was seated next to Trump and received high praise from the US president.

"We had a great meeting a week ago," the Trump said, citing Albanese's trip to Washington last week.

"You've done a fantastic job and we're working together on rare earths, but we're working on a lot of things together, and it's all working out very well."

In a move aimed at breaking China's chokehold on critical minerals, Albanese and Trump last week signed a $13 billion agreement in the

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