CRITICAL MINERALS: AUST MINES PROMISED ‘DOMESTIC’ STATUS IN US

Australian producers of critical minerals are in line to gain priority access to American investment and markets as part of an agreement between the leaders of both countries to coordinate their policies to support the industry’s growth.
In a joint statement by US President Joe Biden and Australian PM Anthony Albanese issued after a Quad leaders' summit in Japan, Biden said he would ask US Congress to list Australia as a “domestic source” under the Defense Production Act.
The move would streamline technological and industrial base collaboration and create new opportunities for US investment in the sector, the leaders said.