Tag: Mineral

BusinessManufacturingTechnology

U.S. and Australia Forge $8.5 Billion Rare Earths Partnership Amid China Export Restrictions

The United States and Australia have launched an $8.5 billion strategic partnership to develop alternative rare earth supplies following China’s export restrictions. The agreement includes immediate $1 billion funding and Pentagon investment in a Western Australia gallium refinery.

Strategic Partnership Announced

President Donald Trump and Australian Prime Minister Anthony Albanese have confirmed a major $8.5 billion framework agreement to jointly develop rare earth and critical mineral projects, according to reports. The partnership comes as China continues to tighten export controls on heavy rare earth metals that are essential for defense systems, renewable energy technology, and electronics manufacturing.

by Ortega Rafael
EconomyMiningTrade

Australian Mining Stocks Rally Following US Critical Minerals Agreement

Critical mineral producers in Sydney experienced significant stock gains following a new agreement between US and Australian leaders. The deal aims to strengthen America’s supply chain for essential materials used in technology and defense applications.

Market Reaction to Bilateral Agreement

Shares of Australian mineral producers surged in Sydney trading following the signing of a strategic agreement between US President Donald Trump and Australian Prime Minister Anthony Albanese. According to reports, the deal focuses on enhancing America’s access to rare-earth elements and other critical materials essential for technology and defense applications.

by Bennett Laura
BusinessManufacturing

UK Rare Earths Refinery Scrapped as Project Shifts Focus to US Market

A major rare earths refinery project in Saltend, UK has been scrapped as developer Pensana shifts focus to the United States. The decision reportedly stems from inadequate government support compared to substantial incentives available for similar projects in the US market.

UK Rare Earths Refinery Project Abandoned

A planned rare earths refinery at Saltend in the United Kingdom has been officially scrapped, with the developer instead focusing on American operations, according to reports. The project, which would have established Britain’s first major rare earth processing facility, has been abandoned despite previous government backing under the Critical Minerals Strategy.

by Bennett Laura