Boosting Support for Rare Earths and Critical Minerals Projects
Australia and the US have announced a joint investment of $3.5 billion in critical mineral projects, aiming to support the development of rare earths and other vital metals. The funding will be carried out through the Export Finance Australia and US Export-Import Bank agencies, with projects including a rare earths refinery and nickel ventures. This move is seen as an effort to counter China’s export dominance in the critical minerals market, according to Reuters.