Mineral deal to hit China dominance

Original article by Phillip Coorey
The Australian Financial Review – Page: 1 & 8 : 25-Sep-24

Australia and the US are among 14 countries that have agreed to establish a joint funding body for critical minerals projects. Resources Minister Madeleine King says the network will strengthen opportunities to co-finance critical minerals projects in Australia. It will also help to reduce global reliance on China, which accounts for about 70 per cent of critical minerals supply. The US government has also recently agreed to provide grants or extend the loans of Australian-listed critical minerals producers such as South32, Element 25 and American Rare Earths.

CORPORATES
AUSTRALIA. DEPT OF INDUSTRY, SCIENCE AND RESOURCES, SOUTH32 LIMITED – ASX S32, ELEMENT 25 LIMITED – ASX E25, AMERICAN RARE EARTHS LIMITED – ASX ARR

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