00:00The US and Australia have agreed to invest over 2 billion US dollars in a rare earths deal aimed at reducing reliance on China.
00:09The deal targets critical minerals like lithium and nickel, essential for electric vehicle batteries, aircraft engines, military radars and advanced electronics.
00:20Australian Prime Minister Anthony Albanese signed the agreement with US President Donald Trump at the White House on Monday.
00:26Each country will invest about 1 billion US dollars over the next six months to boost mining and processing of these strategic materials.
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