Deal with Australia and $150bn ‘Meaty Project’: How Trump is Countering Xi on Rare Earths – will it work?

The US is partnering with Australia to boost rare earth production, aiming to reduce reliance on China. A $8.5 billion agreement will fund joint projects and a gallium refinery. The administration is also seeking private capital for a $150 billion Army infrastructure overhaul, highlighting a broader embrace of private investment to secure critical mineral supply chains.