1 of 1
Story summary
- The United States and Australia announced a $13 billion deal to boost domestic rare-earth production and reduce reliance on China.
- Prime Minister Anthony Albanese emphasized the partnership's significance.
- The agreement includes investments in Alcoa's gallium production and Arafura's neodymium-praseodymium oxide project.
- Experts say mineral independence will require time, substantial investment, and a comprehensive strategy including refining and processing capabilities.
- U.S. President Donald Trump projected a future surplus of critical minerals.
