Prime Minister Anthony Albanese will next week be en route to Washington DC for his long-awaited and highly-anticipated meeting with President Donald Trump. The federal government is hoping to reach a deal with the United States on critical minerals.

Canberra

Prime Minister Anthony Albanese is set to meet with US President Donald Trump to discuss a possible agreement on critical minerals, which are essential for modern technologies such as batteries, electric vehicles, and AI data centres. Australia, which has significant reserves of these minerals, is aiming to become a reliable global supplier and is seeking international investment to support extraction and processing.

The meeting takes place against the backdrop of heightened trade tensions between the US and China, with President Trump recently threatening tariffs on Chinese imports and considering cancelling a meeting with China's President Xi. These developments present both challenges and strategic opportunities for Australia as it navigates its relationships with major global powers.

Albanese pursues US critical minerals deal with Trump

Anthony Albanese will reach for more than a selfie when he returns to the US, hoping to strike an agreement on critical minerals. We've been discussing the issue of critical minerals from I think the day Donald Trump became President of the United States, there's no secrets about that. Those talks heating up ahead of the Prime Minister's meeting with President Donald Trump in just over a week. Just when that agreement might be reached, I'm not going to predict those things. The question is why don't Australians know about it? Why haven't they made the plan public? Critical minerals like lithium and nickel are used in batteries, magnets and microchips and essential to modern technology. From electric vehicles and smartphones to submarines and AI data centres, Australia has the resources but is seeking global investment to finance extraction and processing. We want to ensure that we become a reliable supplier of critical minerals to the rest of the world. For us to still be waiting for a meeting an hour to be scrambling to try and piece some sort of deal together on resources just speaks volumes. China dominates the market but after moves to restrict access to its rare earths and ban them from being used for military purposes, President Trump yesterday threatened a 100% tariff on all Chinese imports and warned he may cancel an upcoming meeting with President Xi. The trade war between Australia's closest ally and biggest trading partner has repercussions on the global economy but also creates a strategic opportunity for the federal government and offers leverage ahead of the PM's high-stakes meeting. Over the last 50 years we've grown up with the idea that economics has dominated geopolitics but we're living in a time now where geopolitics is driving economics. But it hasn't got the thumbs up yet. Chloe Boris, 10 News.

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