Far from Washington’s trade battles and Beijing’s export bans, Australia’s richest person, Gina Rinehart, has turned a global minerals tug-of-war into a personal windfall. The mining magnate, a vocal admirer of Donald Trump, is now profiting handsomely from the world’s push to break its reliance on China’s rare-earth supply chain. From her Perth headquarters, Rinehart…
The United States and Japan have signed a new deal aimed at securing supplies of critical minerals and rare earths, as President Donald Trump hailed a “golden age” in relations with Tokyo. The agreement, signed during Trump’s visit to Japan on Tuesday, reflects a growing effort by Washington to reduce its dependence on China for…
The other day US President Donald Trump said: “With a communist in charge? Look, you just go back a thousand years, it’s been done many times, a thousand years, it’s never worked once.” He was talking about Zohran Mamdani, the leading candidate for New York City’s mayoral election on November 4, who says he is…
The current trade confrontation between the United States and China may look like a repeat of the episode from earlier this year: Washington has rolled out sky-high tariffs, while China has clamped down on the supply of rare earths. Many observers, reportedly including Chinese President Xi Jinping, expect the outcome will be the same, too:…
If there is any mystery over America’s historic agreement to partner with Australia this week on the supply of critical minerals, it is why it took so long. On April 4, just two days after Donald Trump’s much-touted Liberation Day tariffs panicked investors and sent markets into a tailspin, Beijing retaliated with its own ferocious…
CHATTANOOGA–The prevailing idea that the U.S. and China are locked in a trade war is missing the point, according to Leland Miller. What the two countries are engaged in is a war over who controls supply chains and “choke points” for critical products. At the FreightWaves’ Festival of Freight (F3) conference here, Leland Miller, the…
President Trump and Australian Prime Minister Anthony Albanese signed the framework of the critical minerals deal Monday that aims to boost US access to both the mining and processing of Australian rare earth resources. It was a move aimed squarely at China — which recently moved to choke off its own rare earth mineral exports…
On Monday, US President Donald Trump and Australian Prime Minister Anthony Albanese signed a critical minerals deal at the White House, as the US seeks to tap into Australia’s abundant rare-earth resources amid China’s tightening export restrictions on its own critical minerals. The two leaders described the agreement as an 8.5 billion-dollar (£6.3 billion) deal…
By Melanie Burton MELBOURNE (Reuters) -Australia is formulating a plan for its critical minerals reserve that will focus on sales of future production, limiting the need for a physical stockpile, industry sources said, as Australian and U.S. leaders prepare to meet next week. Australia’s critical minerals task force hosted a call last week with miners…
U.S. President Donald Trump on Friday threatened to unleash new tariffs on China and cast doubt over a potential meeting between him and Chinese President Xi Jinping later this month in South Korea, further escalating a now monthslong trade spat between the two powers. Trump’s threats came after China sharply expanded its export controls for…