The United States and Australia provide $600 million in financing support for rare earth projects.

This is one of the clearest and most concrete commitments reached so far under the critical minerals partnership between the two sides. According to a joint statement released Sunday evening, Export Finance Australia and the US Export-Import Bank have each issued coordinated support letters or letters of intent for the project, each involving up to 424 million Australian dollars. The project spans Western Australia and the United States. Expand