Can Australia exercise leverage on rare earths with the US? | The Business | ABC NEWS скачать в хорошем качестве

Can Australia exercise leverage on rare earths with the US? | The Business | ABC NEWS

The months-long rally in rare earths stocks has accelerated after China - which controls and processes most of the minerals - tightened export controls further on products containing even a trace of its rare earths. Arafura, Iluka and Lynas have all made significant gains since Monday on bullish hopes an Australia - US supply deal will be locked in when Australia's prime minister meets the US President in Washington on October 20. But the US is already racing to secure its own supply chains, and in some cases doing deals directly with Australian companies. The economic security director at the US Studies Centre, Hayley Channer, says it's very important Anthony Albanese clinches a deal that sees the US bring more investment to Australia for downstream processing. Otherwise, she says, the benefits won't be shared nationally but instead be restricted to individual companies. Hayley Channer says it's important the prime minister sells the value proposition of an Australian-US deal, which could include co-development and joint ventures to speed up onshore rare earths processing. But she says there is huge risk for Australia's prime minister if he does not have a positive message and a plan that Donald Trump will like. #abcbusiness Subscribe: http://ab.co/1svxLVE ABC NEWS provides around the clock coverage of news events as they break in Australia and abroad. It's news when you want it, from Australia's most trusted news organisation. For more from ABC NEWS, click here: https://ab.co/2kxYCZY Watch more ABC NEWS content ad-free on ABC iview: https://ab.co/2OB7Mk1 Go deeper on our ABC NEWS In-depth channel: https://ab.co/2lNeBn2 Like ABC NEWS on Facebook:   / abcnews.au   Follow ABC NEWS on Instagram:   / abcnews_au   Follow ABC NEWS on X (Twitter):   / abcnews   Note: In most cases, our captions are auto-generated. #ABCNEWS #ABCNEWSAustralia