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The allies will invest US$1 billion in various critical minerals projects in a bid to cut their reliance on dominant supplier China.
Australia increasing investment into the United States by almost US$1 trillion (AU$1.54t) via the superannuation sector has sparked claims the nation is “going back to the past”, as a vow by Labor raises eyebrows.
The White House has criticized China’s efforts to limit access to materials and minerals needed for manufacturing.
President Donald Trump and Australian Prime Minister Anthony Albanese have signed a critical-minerals deal at the White House.
President Donald Trump met with the prime minister of Australia. They signed an agreement on Australia's rare-earth minerals and discussed trade and the AUKUS nuclear submarine deal.
Australian Prime Minister Anthony Albanese meets US President Donald Trump at the White House to discuss the AUKUS treaty, including Australia's purch
3don MSN
Trump Signs Rare Earths ‘Framework’ With Australia and Vows to Speed Delivery of Nuclear Submarines
Australian Prime Minister Anthony Albanese came to the White House Monday offering cheaper access to the continent’s rare earth minerals and an invitation to visit to play golf. President Donald Trump gifted his fellow world leader a pledge to not only honor a Biden-era agreement on nuclear-powered submarines,
Prime Minister Anthony Albanese has arrived at the White House for vital talks with US President Donald Trump.