US steers away from China: Trump seals $8.5 bn deal with Australia for rare earth; ‘we’ll have so much critical minerals’

The United States and Australia have inked an $8.5 billion deal to counter China’s influence over critical minerals. The agreement commits both nations to significant investment in mining and processing projects, aiming to bolster Western supply-chain resilience. This collaboration also supports Australia’s AUKUS submarine project, signaling a strengthened strategic alliance.

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