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US and Australia Forge $8.5B Rare Earths Partnership

10/24/2025

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Summary

Story summary

The United States and Australia signed an $8.5 billion critical minerals agreement to reduce reliance on China for rare earths amid rising tensions.
Each country will invest at least $1 billion over the next six months to advance projects.
The Alcoa-Sojitz gallium plant could supply about 10% of global gallium.
Analysts caution that building a secure supply chain may take a decade due to environmental approvals.

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Story summary

The United States and Australia signed an $8.5 billion critical minerals agreement to reduce reliance on China for rare earths amid rising tensions.
Each country will invest at least $1 billion over the next six months to advance projects.
The Alcoa-Sojitz gallium plant could supply about 10% of global gallium.
Analysts caution that building a secure supply chain may take a decade due to environmental approvals.