{"id":21743,"date":"2025-10-20T21:59:15","date_gmt":"2025-10-20T21:59:15","guid":{"rendered":"https:\/\/businesstriumphs.com\/index.php\/2025\/10\/20\/australian-prime-minister-and-president-trump-pen-rare-earths-deal\/"},"modified":"2025-10-20T21:59:15","modified_gmt":"2025-10-20T21:59:15","slug":"australian-prime-minister-and-president-trump-pen-rare-earths-deal","status":"publish","type":"post","link":"https:\/\/businesstriumphs.com\/index.php\/2025\/10\/20\/australian-prime-minister-and-president-trump-pen-rare-earths-deal\/","title":{"rendered":"Australian Prime Minister and President Trump Pen Rare Earths Deal"},"content":{"rendered":"<\/p>\n

Australian Prime Minister Anthony Albanese and US President Donald Trump signed a rare earths deal during their meeting at the White House on Monday (October 20). <\/strong><\/p>\n

The meeting was set to focus on critical minerals and rare earths, with Albanese telling Bloomberg on Sunday (October 19) that it is also an opportunity to \u201cconsolidate and strengthen\u201d the US-Australia relationship.<\/p>\n

According to insiders, the deal has been in the works for five months now. Albanese was also quoted as having described it as an US$8.5 billion pipeline \u2018that we have ready to go.\u2019<\/p>\n

During the meeting, Trump said that they \u201cnever had any doubts\u201d about the US-Australia relationship, adding that \u201cthere\u2019s never been anybody better.\u201d<\/p>\n

The signing of the statement happened after Trump\u2019s opening remarks, with the US President calling the deal a \u201ckey objective\u201d in reducing reliance on China.<\/p>\n

\u201cWithin a year, we\u2019ll have critical minerals and rare earths that you won\u2019t know what to do with them,\u201d Trump said, noting that this will happen within a year from now.<\/p>\n

\u2018They\u2019ll be worth about two dollars,\u2019 he added.<\/p>\n

China still currently holds the world\u2019s largest rare earths reserves, but Australia has been highlighted as a key player since the issue of tariffs between the US and China.<\/p>\n

The country is also home to some of the most significant rare earths reserves globally, such as Lynas Rare Earths\u2019 (ASX:LYC, OTC:LYSDY) 106.6 million tonnes Mount Weld mine and Arafura Rare Earths\u2019 (ASX:ARU, OTC:ARAFF) 56 million tonnes Nolans project.<\/p>\n

Last week, several companies, such as Nova Minerals (ASX:NVA,NASDAQ:NVA) were invited to brief the Australian government on key projects prior to the US-Australia meeting.<\/p>\n

Nova was instructed to include an overview of its flagship Estelle gold project, the key minerals identified, planned expansion activities, and the company\u2019s engagement with US government agencies.<\/p>\n

The same goes for Resolution Minerals (ASX:RML), which was invited for a briefer on its Horse Heaven gold-antimony-tungsten project.<\/p>\n

Both Nova and Resolution topped the ASX charts last week.<\/p>\n

\n

AUKUS deal <\/h3>\n

Albanese and Trump were also reported to have discussed the AUKUS submarine deal, a multi-billion dollar agreement between Australia, the UK and the US, which is believed to be about countering China\u2019s growing presence in the Indo-Pacific region.\u2019<\/p>\n

When asked whether AUKUS is a \u201cdeterrent\u201d for China, Trump answered yes.<\/p>\n

\u2018(But) I don\u2019t think we\u2019re going to need it\u2019 with China.<\/p>\n

\u201cThe US has the best military in the world, and nobody wants \u00e5to mess with it,\u201d he added. \u2018We\u2019re going to get along great with China.\u2019<\/p>\n

AUKUS is worth around US$239 billion or AU$368 billion over 30 years. Starting in 2032, Australia plans to buy three Virginia-class submarines from the US, with the option to get two more. These will fill the gap while the UK and Australia develop a new submarine model.<\/p>\n

Trump also said that the US is working on building more submarines for Australia and is going to expedite submarine exports to Australia.<\/p>\n

Australia is expected to receive the first of the new submarines in the early 2040s.<\/p>\n<\/div>\n

<\/em>Securities Disclosure: I, Gabrielle de la Cruz, hold no direct investment interest in any company mentioned in this article.<\/strong><\/p>\n


<\/strong><\/p>\n<\/p>\n

This post appeared first on investingnews.com<\/div>\n","protected":false},"excerpt":{"rendered":"

Australian Prime Minister Anthony Albanese and US President Donald Trump signed a rare earths deal during their meeting at the White House on Monday (October 20). The meeting was set to focus on critical minerals and rare earths, with Albanese telling Bloomberg on Sunday (October 19) that it is also an opportunity to \u201cconsolidate and […]<\/p>\n","protected":false},"author":0,"featured_media":21744,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-21743","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investing"],"_links":{"self":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/21743","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/comments?post=21743"}],"version-history":[{"count":0,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/21743\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media\/21744"}],"wp:attachment":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media?parent=21743"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/categories?post=21743"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/tags?post=21743"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}