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Prime Minister Anthony Albanese's meeting with US President Donald Trump in Washington saw the duo strike a deal that challenges China's critical minerals dominance. It comes after China tightened rules on its rare earth exports, threatening to halve them altogether – a move that heightened tensions with the US. "In a year from now, we'll have so much [critical minerals] ... you won't know what to do with them," Trump said. While the full agreement has not been made public, Albanese said both Australia and the US will contribute $1 billion each over the next six months. He said the deal "isn't just about digging things up" and would create a US$8.5 billion ($13 billion) pipeline of projects. Vast sums of money are expected to soon pour into the industry, providing a bonanza for miners. Read more: https://www.sbs.com.au/news/article/t... SBS News is Australia's trusted news source for the latest news from Australia and across the world. Subscribe to the SBS News YouTube channel: / @sbsnews Follow SBS News on Instagram: / sbsnews_au Follow SBS News on TikTok: / sbsnews_au Follow SBS News on X: / sbsnews Follow SBS News on Facebook: / sbsnews Apple News: https://trib.al/MTx0gUe For the latest news, visit www.sbs.com.au/news Network Terms & Conditions: https://sbs.com.au/terms Privacy Policy: https://sbs.com.au/privacy Feedback or complaints: https://sbs.com.au/complaints