BusinessEconomyMining

U.S.-Australia $8.5 Billion Minerals Pact Sparks Rare Earth Stock Rally

Australian rare earth and critical mineral stocks experienced significant gains following the announcement of an $8.5 billion partnership between Washington and Canberra. The agreement, signed by U.S. President Donald Trump and Australian Prime Minister Anthony Albanese, aims to boost supply chains for materials essential to defense and energy sectors. Early trading saw companies like Lynas Rare Earths and Pilbara Minerals jump as much as 4.7% and 5% respectively.

Market Reaction to Bilateral Agreement

Shares of Australia’s leading rare earth and critical metals companies surged significantly on Tuesday, according to market reports, following the announcement of a substantial minerals agreement between the United States and Australia valued at up to $8.5 billion. The deal, signed by U.S. President Donald Trump and Australian Prime Minister Anthony Albanese on Monday, includes funding for multiple projects aimed at strengthening supply chains for materials crucial to defense manufacturing and energy security.