Australia is estimated to have at least five percent of the world’s reserves of rare earths. Beijing recently said it would tighten rare earth exports, prompting the us to impose further tariffs on chinese goods The us and australia have signed an $8.5 billion critical minerals pact to counter china’s dominance in rare earths
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President donald trump and australian prime minister anthony albanese have signed a deal for $8.5 billion in rare earth minerals, as a counterpoint to china’s new export restrictions.
