Australia mulls US deal, $777 million rare earth fund
me-metals: Australia is considering setting minimum prices for critical minerals and investing in new rare earth projects as part of a potential resources deal with the US, the Age reported Sunday.
According to me-metals cited from mining.com, The government has begun talks with miners about contributing to a A$1.2 billion ($777 million) strategic minerals reserve, the newspaper said, citing a leaked departmental brief circulated in recent weeks.
The proposal under consideration includes possible price floors, government-backed loans, offtake guarantees and direct investment in Australian projects to bolster local producers.
The plan comes amid rising tensions over China’s dominance in processed rare earths and President Donald Trump’s threat of sweeping tariffs in response to Beijing’s export controls.
source: mining.com
Related News
Top News
Three last month
Three last month
Six last month
