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Reuters

U.S. and Australia boost rare earths supply with new agreement

Reuters · Just In
Reuters
Reuters
Just In

U.S. President Donald Trump and Australian Prime Minister Anthony Albanese signed a rare earths and critical minerals agreement aimed at ensuring a steady supply of the materials at a time when China is trying to tighten control over global supply.

Breakdown
  • U.S. and Australia signed a rare earths and critical minerals agreement at the White House. 8s
  • The agreement includes an $8.5 billion pipeline and $1 billion contributions from each country for immediate projects. 29s
  • The deal aims to secure mineral supply as China tightens global control over rare earths. 45s
  • Australia holds significant rare earth reserves, supporting the pact's goal for a steady supply. 56s
  • Leaders also discussed the AUKUS security partnership and ongoing trade relations. 1m 2s
Mining & ResourcesInternational PoliticsForeign Affairs