Anthony Albanese, Asia Pacific, Australia news, Australian foreign policy, Australian military, Business, China, Critical minerals, Donald Trump, Mining, US defence spending, US news
Australia and the US have signed a critical minerals deal to take on China’s monopoly. Here’s what you need to know
The move is intended to support the supply of minerals to benefit both countries’ commercial and defence industries – and shareholders are already profiting
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Australia and the US have signed a critical minerals deal designed to break China’s near complete hold over materials essential to commercial, clean energy and advanced military hardware.
Anthony Albanese and Donald Trump have committed to each provide at least US$1bn ($1.54bn) towards a $US8.5bn ($13bn) pipeline of projects in both countries over the next six months to feed their commercial and defence industries.