Trump signed the Executive Order on Wednesday in the US, so this is overnight news ICYMI.

Via the Australian Financial Review, link here for more, (may be gated)

  • Trump to allow state-backed investments in critical minerals projects in Australia
  • as part of a push to eliminate American industry's reliance on Chinese suppliers
  • Critical minerals, aka rare earths - China maintains control of about 80 per cent of the rare-earth compounds and metals imported by the US last year
  • the order authorises the US government to "build resilient critical mineral supply chains, including through initiatives to help allies build reliable critical mineral supply chains within their own territories"