this post was submitted on 26 Oct 2025
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US, Australia sign rare earth, mineral agreement as China tightens supply (www.aljazeera.com)
submitted 22 hours ago by Darkcommie@lemmygrad.ml to c/worldnews@lemmygrad.ml
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[–] chesmotorcycle@lemmygrad.ml 17 points 22 hours ago (4 children)

XD

the two countries will each invest $1bn over the next six months into mining and processing projects.

[–] Darkcommie@lemmygrad.ml 1 points 1 hour ago

Is that enough to fill the US’s military needs?

[–] 201dberg@lemmygrad.ml 19 points 21 hours ago (1 children)

That's a laughably small amount to start a large scale mining operation. lol. This is just shuffling money to some contractors to not do jack shit.

[–] chesmotorcycle@lemmygrad.ml 10 points 20 hours ago

Exactly. And even if it resulted in any actual production, China also has a lock on the complex refining process needed to produce rare earth magnets.

[–] Darkcommie@lemmygrad.ml 8 points 22 hours ago (1 children)

Guess I’ll wait six months to see what happens I think I’m hyping this deal up more than I have to but better safe than sorry

[–] chesmotorcycle@lemmygrad.ml 6 points 20 hours ago

Nah, it's just gonna be another grift: https://lemmygrad.ml/post/9470989

[–] Commiejones@lemmygrad.ml 2 points 14 hours ago

albo grifting the seppos for a billion is pretty funny.