Albanese said the deal represented an US$8.5 billion ($11 billion) “pipeline that we have ready to go.” He hailed the minerals and rare earths pact as taking the nations’ economic and defense cooperation “to the next level.”
President Donald Trump signed an agreement with visiting Australian Prime Minister Anthony Albanese to boost access to critical minerals and rare earths, as the US looks to reduce reliance on Chinese supplies.
“In about a year from now, we’ll have so much critical mineral and rare earths that you won’t know what to do with them,” Trump said Monday at the White House during a meeting between the two leaders.
