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Albanese’s critical minerals deal isn’t good economics – but in Trump and Xi’s new world, bargaining chips matter
Anthony Albanese has struck a multi-billion dollar deal with Donald Trump to develop critical minerals projects in Australia that will never be commercially viable. When it’s laid out like that, it very much sounds like our prime minister fell victim to the president’s “art of the deal”. But we are in a new world where the national value of our critical minerals extends beyond economics, experts say. “This is a really significant deal, and I’m surprised how good it is,” says Hayley Channer, the director of the economic security program at the United States Studies Centre at the University of Sydney. ... (full story)
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From cnbc.com | Oct 20, 2025
Shares of some of Australia’s largest critical metals and rare earths companies surged on Tuesday following the announcement of a massive minerals deal between Washington and Canberra worth up to $8.5 billion. The agreement — signed by U.S. President Donald Trump and Australian Prime Minister Anthony Albanese on Monday — includes funding for multiple ...
*TRUMP: MAYBE MEETING WON'T HAPPEN WITH XI *TRUMP: I WANT XI TO HAVE A GOOD DEAL FOR CHINA *TRUMP: EXPECT TO MAKE GOOD DEAL WITH XI *TRUMP: WE BUILT CHINA'S MILITARY WITH ALL MONEY WE LOST
U.S. PRESIDENT TRUMP: WILL DISCUSS A LOT OF THINGS WITH CHINA'S XI IN TWO WEEKS || WE'RE GOING TO DO WELL IN THAT NEGOTIATION TRUMP: CHINA WANTS TO DISCUSS TARIFFS Trump: China and Japan used tariffs against us for many years.
