1. President Donald Trump and Australian Prime Minister Anthony Albanese signed an agreement on October 18, allocating $3 billion over the next six months for critical minerals projects, with a total project pipeline worth $8.5 billion.
2. The U.S. Department of Defense will invest in a gallium refinery in Western Australia capable of producing 100 tons per year, addressing the current 100% domestic consumption of approximately 21 tons imported from other countries, mainly China.
3. As part of the agreement, Australia has agreed to purchase $1.2 billion worth of autonomous underwater vehicles (AUVs) from defense startup Anduril, either a new or expanded deal related to a previously announced $1.12 billion program for delivering AUVs to the Australian Navy.
2. The U.S. Department of Defense will invest in a gallium refinery in Western Australia capable of producing 100 tons per year, addressing the current 100% domestic consumption of approximately 21 tons imported from other countries, mainly China.
3. As part of the agreement, Australia has agreed to purchase $1.2 billion worth of autonomous underwater vehicles (AUVs) from defense startup Anduril, either a new or expanded deal related to a previously announced $1.12 billion program for delivering AUVs to the Australian Navy.
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Summary
US-Australia agreement allocates $3bn over six months for critical minerals projects, with a total pipeline of $8.5bn. The US DoD will invest in a 100-ton/yr gallium refinery in Western Australia to meet domestic consumption. Australia will also purchase $1.2bn worth of autonomous underwater
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ID: 8de7309b-7392-4b3a-9474-c15a2d0c549a
Category ID: listed_summary
URL: https://techcrunch.com/2025/10/20/u-s-and-australia-sign-3b-critical-minerals-deal/#summary
Date: Oct. 21, 2025
Notes: 2025-10-21
Created: 2025/10/21 04:12
Updated: 2025/12/07 23:48
Last Read: 2025/10/21 07:24