President Donald Trump greets Australian Prime Minister Anthony Albanese (R) at the White House on Oct. 20, 2025. Madalina Kilroy/The Epoch Times
WASHINGTON—U.S. President Donald Trump and Australian Prime Minister Anthony Albanese on Oct. 20 signed a rare earths agreement at the White House, outlining plans for both countries to jointly invest more than $3 billion in critical minerals projects over the next six months.
The White House announced that recoverable resources from these projects are valued at an estimated $53 billion, as both countries work to counter China’s global dominance in the sector.
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