US and Australia strengthen ties to secure critical minerals amid China tensions

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Source: AP News
US and Australia strengthen ties to secure critical minerals amid China tensions
Photo: AP News
TL;DR Summary

The US and Australia signed an $8.5 billion deal to develop critical minerals and rare earth resources, aiming to reduce dependence on China amid China's export restrictions, while also strengthening their security partnership through AUKUS, as they seek to counter China's influence in global supply chains.

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