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flag U.S. and Australia ink $8.5B deal for critical minerals, boosting clean energy, defense, and supply chain security.

flag Trump and Australian Prime Minister Anthony Albanese signed an $8.5 billion critical minerals agreement to reduce dependence on China, focusing on joint investment in rare earth and essential mineral processing, including a U.S.-funded gallium refinery in Western Australia. flag The deal strengthens supply chain resilience for clean energy, defense, and technology sectors; reaffirms support for the AUKUS security pact, with Australia set to receive Virginia-class submarines from the early 2030s; and includes separate defense contracts for Anduril unmanned underwater vehicles and Apache helicopters. flag While no tariff exemptions were granted, officials called the outcome a success, reflecting strengthened strategic and economic ties.

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