US and Australia Forge $8.5 Billion Critical Minerals Partnership to Counter China’s Dominance
The United States and Australia have signed an $8.5 billion critical minerals agreement aimed at reducing Western dependence on Chinese supplies. The partnership comes as Beijing tightens export controls on rare earth materials essential for defense and technology.
Landmark Minerals Agreement Signed
President Donald Trump and Australian Prime Minister Anthony Albanese have finalized what they describe as an $8.5 billion critical minerals deal at the White House, according to reports. The agreement positions Australia’s abundant rare earth resources as a strategic alternative to Chinese supplies at a time when Beijing is imposing stricter export controls.