Australia and US sign rare minerals deal

Australian Community Media

Prime Minister Anthony Albanese discusses a venture between the United States of America and Australia to process rare minerals. Footage by The White House

Transcript

00:00President Trump, sir, your message to the people of Australia.

00:07What do you hope to accomplish today with the Prime Minister?

00:11It's great to be working with Anthony.

00:14It's great to be working with the people of Australia

00:17because they also, I mean, it's a smaller country,

00:20but you have done a fantastic job in weaponry and the kind of things.

00:24And we do a lot of joint work together.

00:27Our militaries work very, very closely together.

00:29We've been really an amazing ally when you think of it, right?

00:33There's never been any games.

00:35We're just, we're strongly committed and they're strongly committed.

00:38There are some games with other countries,

00:40but there haven't been games with Australia.

00:42It's one of the only places in the world that processes rare earth minerals.

00:46Could there be an agreement, China has 90% of the processing,

00:49could there be an agreement over processing rare earth minerals with Australia?

00:52Sure, that's what we're doing.

00:54It's part of the agreement.

00:56Absolutely we can.

00:57And we have the capacity to do so.

00:59And part of this deal is very specific.

01:01Eight and a half billion dollar pipeline.

01:03There'll be a billion dollars contributed from Australia and the United States

01:07over the next six months with projects that are immediately available.

01:11There's three groups of projects.

01:15Ones that are joint activities between Australia and the United States such as Alcoa.

01:22Secondly is projects that will be US investment that the US will undertake in Australia,

01:28including processing.

01:30And then ones that Australia will undertake.

01:34Some as well.

01:35One of them is Australia, the US and Japan as well.

01:40So what we're trying to do here is to take the opportunities which are there.

01:45Australia has had a view for some time, a bit similar to putting America first.

01:50Right.

01:51Our plan is called A Future Made in Australia, which is about not just digging things up and exporting them,

01:57but how do we make sure that we have across the supply chains with our friends,

02:04being able to benefit, seize those opportunities.

02:07So we certainly see part of what this is about isn't just digging things up.

02:12It's also about processing including the joint ventures between Australia and the United States.

02:19I mean, is it really right?

02:20There's really right.

02:21There's really right.

02:22There's really right.

02:23There's really right.

02:24It's really right.

02:25There's really right.

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