Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore
US and Australia reach $3B agreement on essential minerals

US and Australia reach $3B agreement on essential minerals

Bitget-RWA2025/10/20 23:57
By:Bitget-RWA

On Monday, President Donald Trump and Australian Prime Minister Anthony Albanese signed a pact that will channel billions of dollars into key mineral initiatives.

Over the coming six months, the United States and Australia will jointly invest $3 billion in these projects. According to both governments, the entire portfolio of projects is valued at $8.5 billion.

As an element of this agreement, the U.S. Department of Defense will fund the construction of a gallium processing plant in Western Australia, which will have the capacity to produce 100 tons annually. The U.S. Geological Survey reports that the United States currently relies entirely on imports for gallium, bringing in about 21 tons each year.

This initiative follows China’s decision to limit the export of certain minerals, such as rare earth elements, which are essential for manufacturing electronics and electric motors. Gallium, for instance, is a key material in microwave circuits and blue and violet LEDs, which are used in high-powered lasers.

In addition to the minerals agreement, Australia will purchase $1.2 billion in autonomous underwater vehicles (AUVs) from defense technology company Anduril. The White House did not clarify if this contract is a new arrangement or part of a previously disclosed $1.12 billion program, under which Anduril is set to supply the Australian Navy with Ghost Shark AUVs. That earlier deal was made public in September.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Bitcoin News Today: Bitcoin's Major Holders Selling Challenges ETF Support at $90k

- Bitcoin whale inflows hit 9,000 BTC on Nov 21, 2025, with 45% of deposits from large holders, signaling intensified selling pressure amid a seven-month price drop to $80,600. - Exchange inflows surged to $40B weekly, with Binance’s stablecoin reserves reaching $51B, reflecting capital shifts toward dollar-pegged assets amid market uncertainty. - ETF inflows (e.g., BlackRock’s IBIT) provided limited counterbalance, totaling $21M on Nov 27, contrasting with earlier $903M outflows and whale-driven altcoin d

Bitget-RWA2025/11/30 07:58
Bitcoin News Today: Bitcoin's Major Holders Selling Challenges ETF Support at $90k

Solana News Today: Crypto at a Turning Point—Speculation Mania or Institutional Domination?

- Arthur Hayes, ex-BitMEX CEO, boosted DeFi exposure with 2.01M ENA and 33K ETHFI tokens amid crypto volatility. - Solana (SOL) struggles to break $150, forming a bear flag pattern that could trigger a 30% drop to $99 if $140 support fails. - Nasdaq's IBIT options proposal and Grayscale's Zcash ETF filing signal growing institutional crypto adoption amid fragmented market dynamics. - Astra Bitcoin's hybrid model blends TradFi/DeFi assets to address volatility concerns, yet speculative momentum remains evid

Bitget-RWA2025/11/30 07:40
Solana News Today: Crypto at a Turning Point—Speculation Mania or Institutional Domination?

Bitcoin Updates: With Retail Investors Declining, Large Holders and ETFs Influence Bitcoin's Direction

- Bitcoin's $91,000 rebound highlights institutional dominance over retail traders, driven by ETF inflows and whale accumulation. - Bhutan's $970,000 ETH staking and RGB20 protocol advancements signal institutional validation of Bitcoin's programmable finance potential. - Solana's $8.2M ETF outflow and $36M hack contrast Bitcoin's stability, as large holders buffer against volatility. - ETF-driven price dynamics and privacy-focused products like Zcash ETFs reflect shifting market structure toward instituti

Bitget-RWA2025/11/30 07:40
Bitcoin Updates: With Retail Investors Declining, Large Holders and ETFs Influence Bitcoin's Direction

Zcash Latest Updates: Zcash ETF Anticipation Faces Bearish Trends—Will This Privacy Coin Overcome the Downturn?

- Zcash (ZEC) nears critical $442.53 support as technical indicators signal bearish momentum with 12/12 "Strong Sell" signals. - Grayscale's proposed ZCSH ETF aims to institutionalize privacy-focused crypto access, holding 394,400 ZEC valued at $199M. - Market remains muted despite ETF filing, with ZEC down 1.4% amid regulatory uncertainty and broader crypto volatility. - ETF approval could boost ZEC liquidity like Bitcoin ETFs, but traders watch $442.53 support and SEC review outcomes.

Bitget-RWA2025/11/30 07:40