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Australia, US Forge Multi-Billion Dollar Investments
(MENAFN) During Australian Prime Minister Anthony Albanese's visit to the White House on Monday, both Australia and the United States revealed a series of bilateral investments totaling billions of dollars, focusing on critical minerals, defense partnerships, and technological advancements.
The two nations signed a significant agreement on critical minerals and rare earths, outlining plans for projects amounting to as much as $8.5 billion.
Albanese shared these details while meeting with US President Donald Trump, emphasizing the scale of the initiative.
"This is an $8.5 billion pipeline that we have ready to go," he told the press.
Albanese highlighted the importance of the strong relationship between the two countries, emphasizing that Canberra would "continue to take every opportunity to improve the relationship even further."
He added that the agreement on critical minerals and rare earths represents a major leap forward, noting, "Today's agreement on critical minerals and rare earths is just taking it to the next level."
The agreement involves both nations investing $1 billion each over the next six months, with projects that are ready for immediate execution.
Albanese outlined three main categories for the initiatives: joint ventures, US-led investments in Australia, and Australian-led projects within the country.
This effort is part of Australia’s "Future Made in Australia" strategy, which aims to bolster supply chains with allies and enhance value by focusing on processing raw materials domestically, rather than merely exporting them.
The White House announced that the two governments are set to jointly invest over $3 billion in critical mineral projects over the next half year.
These investments are expected to unlock resources worth an estimated $53 billion.
Furthermore, the US Export-Import Bank will provide more than $2.2 billion in financing, helping unlock a total of $5 billion in investments aimed at securing the supply chain.
The two nations signed a significant agreement on critical minerals and rare earths, outlining plans for projects amounting to as much as $8.5 billion.
Albanese shared these details while meeting with US President Donald Trump, emphasizing the scale of the initiative.
"This is an $8.5 billion pipeline that we have ready to go," he told the press.
Albanese highlighted the importance of the strong relationship between the two countries, emphasizing that Canberra would "continue to take every opportunity to improve the relationship even further."
He added that the agreement on critical minerals and rare earths represents a major leap forward, noting, "Today's agreement on critical minerals and rare earths is just taking it to the next level."
The agreement involves both nations investing $1 billion each over the next six months, with projects that are ready for immediate execution.
Albanese outlined three main categories for the initiatives: joint ventures, US-led investments in Australia, and Australian-led projects within the country.
This effort is part of Australia’s "Future Made in Australia" strategy, which aims to bolster supply chains with allies and enhance value by focusing on processing raw materials domestically, rather than merely exporting them.
The White House announced that the two governments are set to jointly invest over $3 billion in critical mineral projects over the next half year.
These investments are expected to unlock resources worth an estimated $53 billion.
Furthermore, the US Export-Import Bank will provide more than $2.2 billion in financing, helping unlock a total of $5 billion in investments aimed at securing the supply chain.

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