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Originally published by Capital Business
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business
October 21, 2025
1d ago

US and Australia sign rare earths deal to counter China’s dominance

US and Australia sign rare earths deal to counter China’s dominance

OCT 21 - The US and Australia have signed a deal intended to boost supplies of rare earths and other critical minerals, as the Trump administration looks Kenya breaking news | Kenya news today |..

✨ Key Highlights

The United States and Australia have signed a deal to boost the supply of rare earths and other critical minerals, aiming to counter China's dominant market position.

  • The agreement supports a pipeline of $8.5 billion (A$13 billion) in "ready-to-go" projects in Australia.
  • US President Donald Trump affirmed that Australia would receive submarines as part of the Aukus defense deal.
  • China currently controls about 70% of rare earths mining and 90% of their processing.

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