Deal with Australia and $150bn ‘meaty project’: How Trump is countering Xi on rare earths – will it work?

The US is partnering with Australia to boost rare earth production, aiming to reduce reliance on China. A $8.5 billion agreement will fund joint projects and a gallium refinery. The administration is also seeking private capital for a $150 billion Army infrastructure overhaul, highlighting a broader embrace of private investment to secure critical mineral supply chains.

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