Australia, U.S., to cooperate on critical minerals, rare earths

Australia, U.S., to cooperate on critical minerals, rare earths


Australia and the United States will support projects to develop critical minerals and rare earths, an Australian government minister said on Wednesday, signaling deeper cooperation in a market dominated by Chinese supplies.

Australian Minister for Resources and Northern Australia Matt Canavan and U.S. Commerce Secretary Wilbur Ross laid the groundwork for collaboration in financing such projects in talks in Washington, Canavan’s office said in a statement.

“This work will offer opportunities for new projects to get off the ground,” Canavan said.

“The growing global demand for critical minerals will provide scope for Australian miners to enter stable and secure supply chains to meet growing demand in key economies such as the US.”

https://www.reuters.com/article/us-australia-rare-earths-usa/australia-u-s-to-cooperate-on-critical-minerals-rare-earths-idUSKBN1XU0NU