Liveโข Updates: Anthony Albanese and Donald Trump Sign Multi-Billion-Dollar Minerals Deal
WASHINGTON DC – โ Prime Minister Anthony Albaneseโ and US President โคDonald Trump have today โsigned a โขmulti-billion-dollarโค deal focused โคon critical minerals cooperation, โaiming toโ bolster supply chains andโฃ strengthen โeconomic ties between Australia and the United States. Theโ agreement, finalized during a meeting at โthe White โHouseโ this morning, willโ see โฃsignificant investment in Australian mining projectsโข and the developmentโ of โprocessing capabilities.
This meeting marks the first substantialโ in-person discussion betweenโข the two โleaders since President Trump’s return to office in February, followingโ previous phone conversations and a brief encounter at the โฃUnited Nationsโค in New York last month. Theโ deal unfolds againstโฃ a backdropโ of increasing โคgeopolitical โฃcomplexity and a growing need โฃfor secure andโ diversified โsources of essential minerals.
The agreement will focus on collaboration across a range of critical minerals, including lithium, rare earths, and cobalt – key components in electric vehicle batteries, renewable energy technologies, and defense applications. Specific financial details of the dealโ were โคnot promptly disclosed, but sources โindicate the investment โฃwill โฃrun into the โฃbillions of dollars over the โคnext โdecade.
“This partnership isโ aโ testament to โthe โenduring โstrength โคof the Australia-US alliance,” Prime Minister Albanese stated following the signing.โค “Itโ will create jobs,driveโค economic growth,and โensure a reliable supply ofโฃ theโ minerals essential โฃfor aโ clean energy future.”
President Trump echoed this sentiment, adding, “We are working with our alliesโ to secure our supply chainsโค andโฃ reduce our dependenceโ on countries that don’t share our values. Australia is a key partnerโ in this effort.”
The deal is expectedโ to face scrutiny from environmental groups concerned about the potential impact of increased mining activity. However, both leaders emphasized a commitment to responsible and sustainable โขmining practices.
Updates willโค continue โขthroughout the day as further details emerge.

