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US and Australia Sign Critical-Minerals Agreement

President Donald Trump and Australian Prime Minister Anthony Albanese signed a critical-minerals deal at the White Houseon Monday as the U.S. eyes the continent’s rich rare-earth resources at a time when China is imposing tougher rules on exporting its own critical minerals abroad. The two leaders described the agreement as an $8.5 billion deal between the allies. Trump said it had been negotiated over several months. Earlier this month, Beijing announced that it will require foreign companies to get approval from the Chinese government to export magnets containing even trace amounts of rare-earth materials that originated from China or were produced with Chinese technology. The Trump administration says this gives China broad power over the global economy by controlling the tech supply chain. US and Australia Sign Critical-Minerals Agreement – electrifiED

How the United States Can Enhance Critical Minerals Supply

An action plan could help reduce the risk of market disruptions, enhance competitiveness, and reduce reliance on imports, fostering supply chain resilience. Of the 50 elements deemed critical to the American economy and national security by the U.S. Geological Survey,  the United States is 100% dependent on foreign suppliers for 12 of them and is more than 50% reliant on non-domestic sources for another 29.  The Trump administration has made critical minerals security a key component of its energy-focused strategy, evident by several recent executive orders. By following a targeted strategy and working with industry toward the achievement of a set of common objectives, the U.S. government can make tangible and measurable progress toward its goal to promote U.S. critical mineral security and move from being a primary consumer and price-taker in a nontransparent market to being a supply maker in a transparent and resilient market. How the United States Can Enhance Critical Minerals Supply – WSJ

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