“Companies such as Graphinex, which is developing the world’s third-biggest deposit of #graphite, have long been out of favour with investors who wondered if they could ever compete with China, he said.
This week’s #USA #Australia deal has rewarded those “at the front of the curve,” he said.
Australia has emerged as a key partner for the US as #China has weaponised its grip on the supply chain, imposing export controls on its domestic industry amid #TradeNegotiations with Washington.
This week the Trump administration signed an agreement at the White House with Australian prime minister Anthony Albanese for each country to invest about $1bn in the coming months to foster the creation of a #NonChinese supply line of #RareEarths and other critical #minerals.
The US #ExportImport Bank signed loan commitments worth more than $2.2bn to advance critical minerals projects in Australia with an initial seven companies including Arafura Rare Earths, Northern Minerals, RZ Resources and Malone’s Graphinex.”
#trade / #mining <https://www.ft.com/content/eb13319a-8270-4003-9e6f-c82fecdaf7e9> (paywall) / <https://archive.md/EpLA1>