Oct. 21 at 1:21 PM
$NVNXF US & Australia ink
$8.5B deal to secure rare earths
Trump and Australian PM Anthony Albanese have signed an agreement to lock in supplies of critical minerals and rare earths—vital for defense tech, EVs, and satellites.
After backing itself into a corner with tariffs and export bans on Chinese tech, the US has been scrambling for alternatives as China retaliated with export curbs.
🌏 Over
$2 billion in joint investments and fast-tracked mining permits
🌏 Both nations will each put in
$1 billion over the next six months for mining and processing projects
🌏 A price floor for critical minerals
🌏 Target of
$53 billion worth of mineral deposits
🌏 The US Export-Import Bank (EXIM) dropped seven letters of interest worth over
$2.2 billion to push new critical minerals projects across Australia forward
🌏 Projects span a range of critical minerals essential to advanced defense systems, aerospace components, communications equipment, and next-generation industrial technologies
