Australia aims to become a "reliable" supplier of rare earth products to the United States.
The Australian newspaper's front page reported that the Australian Prime Minister is eager to finalize key mineral transactions before meeting with Trump, preparing to "offer tributes" of rare earth products to the United States.
According to a leaked plan for an agreement on U.S. resources, Australia will set price floors for critical minerals and inject funds into new rare earth projects. The Australian Prime Minister, Anthony Albanese, is trying to finalize the agreement before meeting with U.S. President Donald Trump. Officials in the Prime Minister's office have started contacting Australian mining companies on this matter.
Australia provides mining expertise to Ukraine, a country ravaged by war, to make the mineral transaction agreed between Trump and Ukrainian President Vladimir Zelenskyy feasible. The relevant departments in Australia have sent briefings to mining companies in the past two weeks, shortly after the meeting between Prime Minister Albanese and Trump on October 20th, and there have been a series of meetings between companies and officials in the past week.
The briefing states: "By anticipating and responding to the demand for key minerals from key international partners, this reserve may have strategic significance for Australia." Critical minerals are essential for green energy, defense products such as nuclear-powered submarines, automotive manufacturing, and powering artificial intelligence data centers.
Securing the supply of key elements such as lithium, nickel, vanadium, dysprosium, and cobalt has become a priority for the Trump administration and supports its controversial claims.
Original: www.toutiao.com/article/1845728406371328/
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