Australia has what others want and is prepared to do deals on critical minerals with more than just the US, Anthony Albanese says.

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The prime minister also had another "informal" meeting with Xi Jinping, although he would not confirm whether defence tensions were raised with the Chinese president.

Leveraging Australia's massive reserves of critical minerals and rare earths into deals with more countries in the region was one of Mr Albanese's goals at the Asia-Pacific Economic Cooperation summit in South Korea.

Having signed a landmark $8.5 billion deal with US President Donald Trump last week, the prime minister wants to keep up the mineral

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