Trump and Albanese Forge Critical Minerals Pact Against China

U.S. President Donald Trump and Australian Prime Minister Anthony Albanese have signed a critical minerals agreement to counter China’s influence. The pact includes $2 billion in investments targeting critical mineral deposits. A strategic nuclear submarine deal was also backed to enhance security in the Indo-Pacific region.

In a bold move to counter China's growing influence, U.S. President Donald Trump and Australian Prime Minister Anthony Albanese have sealed a critical minerals agreement. The signing took place as tensions with China lingered in the air during their first summit at the White House.

The freshly inked pact aims to accelerate investment in critical minerals, with each nation pledging $1 billion over the next six months to mine and process these indispensable resources. Critical minerals, integral to various industries, are a strategic focus amid tightening global supply chains.

Beyond minerals, Trump extended his support to the AUKUS nuclear-powered submarine agreement. The maritime deal, originally brokered during Biden's tenure, underscores a fortified security alliance in the Indo-Pacific, a region increasingly pivotal in geopolitical ballgames.

(With inputs from agencies.)