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Commodities

US backs Australian rare-earth miner to cut out China

The US is backing an Australian rare-earth miner in an effort to reduce reliance on China for the critical minerals, according to the Financial Times. Coverage framed the support as part of Washington's push to build supply chains outside China; the report set out the backing without detailing the size of the support or the miner's production timeline.

Why it matters

Securing rare earths outside China is a strategic priority for the US, as the minerals are vital to defence and clean-energy technology.

Sources

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