President Donald Trump and Australian Prime Minister Anthony Albanese signed a minerals agreement aimed at boosting joint projects valued at up to $8.5B.
00:00President Donald Trump and Australian Prime Minister Anthony Albanese signed a critical minerals agreement aimed at boosting joint projects valued at up to $8.5 billion.
00:10While Albanese announced $1 billion in near-term investments, a White House fact sheet later stated over $3 billion will be committed in the next six months, creating some confusion about exact figures.
00:22The deal includes U.S. support for projects like a gallium refinery in Western Australia and Rare Earths Processing Ventures.
00:30The partnership is part of broader U.S. efforts to secure supply chains and reduce reliance on China for essential materials.
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