Trump signs US$8.5B crit mins deal with Australia
Trump signs US$8.5B crit mins deal with Australia
US president Donald Trump signed an US$8.5B critical minerals agreement with Australian PM Anthony Albanese called the US–Australia framework for securing of supply in the mining and processing of critical minerals and rare earths.
This will focus on projects that are “ready to go” to support the development of upstream and downstream mineral supply chains. This may also included a minimum price floor. Initial funding will comprise $2B from the US and $1B from Australia, and $2.2B from the US Exim. Australia hosts the world’s fourth-largest deposits of rare earths. It seems the White House may not fully appreciate the importance of price for producers to be economic, instead viewing it through the lens of a consumer, and looking to replicate China’s market flood that destroyed pricing in so many commodities. After signing an $8.5B critical minerals agreement with Australia, Trump suggested that within 12 months, there would be so many critical mineral and rare earths “that you won’t know what to do with them. They’ll be worth about $2”.
Paul Harris
Paul has more than twenty years’ experience in the mining sector in investor relations, communications, research and news reporting roles. Paul has 16 years’ experience in the Colombia gold sector including investor relations roles with Continental Gold, Gran Colombia Gold and Mineros.
Paul founded the successful Colombia Gold Symposium in 2016 and has written for industry leading publication Mining Journal since 2015. Previously, Paul spent five years in Chile reporting and researching the copper sector for CRU and Metal Bulletin. Paul received a BA in Business Administration from the University of the West of England, UK; and a MA in International Relations from the University of Chile, Santiago Chile. He is fluent in English and Spanish.
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