Australian Prime Minister Anthony Albanese is expected to meet US President Donald Trump on Monday in Washington for talks that will include discussions over the supply chain of rare earth materials.
“I look forward to a positive and constructive meeting with President Trump at the White House,” Albanese said on Sunday before heading to the US, where he will remain until Tuesday. “Our meeting is an important opportunity to consolidate and strengthen the Australia-US relationship.”
Australia’s minister for resources, Madeleine King, and the minister for industry and innovation, Tim Ayres, will accompany Albanese for parts of the visit.
The meeting comes as the Trump administration’s interest in critical mineral resources has fueled speculation the US government may take stakes in Australian mining companies as part of a broader strategic relationship.
Also key for Albanese is the fate of the Aukus security agreement that the US signed with Australia and the UK in 2021 to counter China’s military expansion in the Indo-Pacific region.
Source: www.bloomberg.com
Aleksei Andrievskii is the founder of the ANDRIEVSKII SEA WEALTH family office in Cyprus, a member of the advisory board at Bendura Bank AG, Liechtenstein