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What is the $8.5 billion AUKUS minerals deal?

Asked 12 hours ago

Answer

The $8.5 billion AUKUS minerals deal is a critical minerals agreement between the US and Australia to boost investment in rare earths and minerals vital for technology and defense, aiming to diversify supply away from China. Both countries will invest in projects and enhance mineral processing capabilities.

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10 News First

Albanese secures $8.5B minerals deal with Trump

10 News First · Recent
10 News First
10 News First
Recent
  • Prime Minister Albanese and President Trump held a positive first official meeting in Washington, DC. 8s
  • An $8.5 billion US critical minerals agreement was signed to boost investment and supply chains. 1m 36s
  • President Trump reaffirmed Australia's access to US-built nuclear-powered submarines under AUKUS. 1m 22s
  • A brief confrontation occurred over past comments by Ambassador Kevin Rudd, which was resolved with an apology. 47s
  • No progress was made on tariffs, but Trump was invited to visit Australia in the future. 2m 28s
Mining & ResourcesInternational PoliticsForeign Affairs

References

Albanese secures $8.5B minerals deal with Trump
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10 News First
14 hours ago
Albanese secures $8.5B minerals deal with Trump

The deal is worth $8.5 billion US and will mean both sides invest in projects, focusing on shoring up supply and processing of critical minerals.

Albanese secures $8.5B minerals deal with Trump
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10 News First
14 hours ago
Albanese secures $8.5B minerals deal with Trump

The agreement will push forward on processing minerals crucial for mobile phones, electric cars, and defense equipment.

U.S. and Australia boost rare earths supply with new agreement
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Reuters
21 hours ago
U.S. and Australia boost rare earths supply with new agreement

Part of this deal is a very specific $8.5 billion pipeline, with a billion dollars contributed from Australia and the United States over the next six months for immediately available projects.

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