SYDNEY -- Miners have welcomed a multibillion dollar critical minerals pact between Australia and the U.S., but efforts to reduce China's dominance over the ingredients used in advanced technology and defense hardware face a long road, say experts.
Commodities
US-Australia critical minerals deal unlikely to quickly dent China's lead
While a good start, ambitious rare earth projects will be slow and costly, experts say
Prime Minister Anthony Albanese of Australia, left, and U.S. President Donald Trump talk in the White House on Oct. 20, the day the two leaders signed a multibillion-dollar rare-earth and critical minerals deal. © AP
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