The U.S. and Australia have initiated a multi-billion-dollar partnership to establish a supply chain for critical minerals vital to their military and domestic needs. The agreement, signed by U.S. President Trump and Australian Prime Minister Albanese, aims to invest at least $1 billion in mining and processing projects and streamline regulations. This collaboration is crucial as China tightens its grip on rare earth exports, posing a challenge to the U.S. and its allies. The framework also emphasizes joint investments and security measures to ensure mineral supply stability and competitiveness.

Source: https://www.supplychaindive.com/news/us-australia-framework-critical-mineral-supply-chain/803445/