US President Donald Trump and Australian Prime Minister Anthony Albanese signed an agreement on Monday on joint projects for the extraction of rare earth metals.
“Over the next six months, the US and Australia will jointly invest more than $3 billion in projects involving critical metals, with the value of the resources that can be extracted estimated at $53 billion,” according to a White House press release.
It does not specify where exactly the extraction is planned to take place.
In addition, the Pentagon plans to invest in the construction of a gallium processing plant in Western Australia with a capacity of 100 tons per year, the US administration noted.
Earlier, the Experts Club information and analytical center analyzed the global market for rare earth metals in the world and Ukraine. The video is available here: https://youtu.be/UHeBfpywpQc?si=0L-2nSUrLlIbqVZ5?si=Fk6Oi_13NKpEW81K
