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flag U.S. backs Australian critical minerals to cut China reliance; China restricts Aussie iron ore and plans rare earth refinery in Malaysia.

flag The U.S. is investing in Australian critical minerals projects to reduce dependence on China, offering equity and partnerships to accelerate clean energy and defense supply chains. flag Meanwhile, China is reportedly restricting dollar-denominated iron ore shipments from Australia, escalating trade tensions. flag China also explores building a rare earth refinery in Malaysia, potentially sharing processing tech in exchange for access to reserves, aiming to diversify supply chains and counter Western efforts to decouple from Chinese dominance in critical minerals.

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