The U.S. and Australia have signed a critical minerals partnership designed to reduce U.S. reliance on China and boost investments in the Australian mining sector, according to Reuters.
Under the agreement, announced by U.S. President Donald Trump and Australian Prime Minister Anthony Albanese, each nation will invest $1 billion over the next six months in mining and processing projects. The deal establishes a minimum price floor for critical minerals and outlines an $8.5 billion investment pipeline for new developments over an unspecified timeline.
According to a joint statement, the initiative targets deposits valued at about $53 billion, though...