The new $4.6 billion Trump-Albanese deal on critical minerals will unlock a wave of rapid investment in the sector that will thrust Australia into a key role in US efforts to break China’s stranglehold on elements crucial to defence and renewable technologies.
A surge in Australian critical minerals companies pushed the sharemarket to a record high on Tuesday after the deal was signed overnight in Washington, and chief executives with projects in the pipeline predicted it would further turbocharge the sector at an unprecedented speed and scale.
Source: https://www.afr.com/companies/mining/truly-remarkable-trump-deal-to-supercharge-aussie-rare-earth-sector-20251021-p5n41d