Trump, Prime Minister of Australia and the ambassador
Digest more
The United States hopes to become less dependent on China by increasing access to mineral-rich countries. Rare earth metals are vital to an array of modern industries.
The deal is a key objective for the US as the Trump administration seeks to move away from dependence on China.
President Donald Trump and Australian PM Anthony Albanese sign a critical-minerals agreement. The two leaders described the treaty as an $8.5 billion deal between allies that Albanese says takes "to the next level" the two countries' relationship.
By Andrea Shalal, Kirsty Needham and Ernest Scheyder WASHINGTON (Reuters) -President Donald Trump and Australian Prime Minister Anthony Albanese signed a rare earths and critical minerals agreement on Monday aimed at ensuring a steady supply of the materials as China tries to tighten control over global supply.
The $8.5-billion deal comes as the White House seeks to reduce reliance on Chinese supply chains and as Australia looks to shore up ties with the U.S.
Get live updates and the latest news as Trump hosts the Australian prime minister at the White House, the government shutdown enters Day 20, and Israel renews enforcement of the Gaza ceasefire.
The Daily Express on MSN
Donald Trump gives major update on Aukus nuclear submarines wanted by Australia
Donald Trump gave a major update on the Aukus deal between the U.S. and Australia in a meeting with Prime Minister Anthony Albanese on Monday.