ACHIEVING CRITICAL MINERAL AND ENERGY DOMINANCE: Today, President Donald J. Trump and Australian Prime Minister Anthony Albanese signed a landmark Critical Minerals Framework to unleash the potential of our abundant natural resources—a model for supply-chain cooperation globally.
- The U.S. and Australian governments intend to invest more than $3 billion together in critical mineral projects in the next six months, with recoverable resources in the projects estimated to be worth $53 billion.
- The Export-Import Bank of the United States is issuing seven Letters of Interest for more than $2.2 billion in financing, unlocking up to $5 billion of total investment, to advance critical minerals and supply-chain security projects between our two countries.
- The U.S. Department of War will invest in the construction of a 100 metric ton-per-year advanced gallium refinery in Western Australia, further advancing self-reliance in critical minerals processing.
DEEPENING DEFENSE COOPERATION: Australia committed to enhanced burden sharing and is making new defense investments that will bolster the U.S.-Australia alliance.
- Australia agreed to purchase $1.2 billion in Anduril unmanned underwater vehicles and take delivery of the first tranche of Apache helicopters in a separate $2.6 billion deal.
- Since February, Australia has contributed $1 billion to the U.S. Government to expand and modernize the U.S. submarine industrial base, with another $1 billion by the end of the year. Together, we are strengthening the Australia – United Kingdom – United States (AUKUS) trilateral security partnership to meet the challenges of tomorrow.
- Australia is investing significantly in its integrated air and missile defense capabilities, including $2 billion in U.S. companies, for its Joint Air Battle Management System.
- The U.S.-Australia alliance is securing munitions supply-chain resilience under Australia’s Guided Weapons and Explosive Ordnance (GWEO) enterprise, and building on streamlined export cooperation, which will directly support more than 200 manufacturing suppliers in Texas, Florida, Arkansas, and Alabama.
PROMOTING ECONOMIC PROSPERITY AND TECHNOLOGY COOPERATION: The United States and Australia are forging a historic partnership to drive innovation, economic growth, and technological leadership through strategic investments and collaborative initiatives.
- Australia’s superannuation funds will increase investments in the United States to $1.44 trillion by 2035—an increase of almost $1 trillion from current levels.
- This unprecedented investment will create tens of thousands of new, high-paying jobs for Americans.
- The United States recently secured expanded access for U.S. beef in Australia and is committed to opening new markets for U.S. ranchers.
- NASA and the Australian Space Agency signed a framework agreement to strengthen civil space and aeronautics cooperation. NASA’s Artemis program, which will return astronauts to the Moon, will be joined by a technology development lunar rover from Australia.
- The United States and Australia agreed to develop and launch a bilateral Technology Prosperity Deal to establish joint initiatives to cooperate and invest in AI, quantum, and other critical technologies.
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