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Albanese’s critical minerals deal isn’t good economics – but in Trump and Xi’s new world, bargaining chips matter

The Guardian•Tuesday, October 21, 2025 at 2:00:39 PM
NeutralWorld Affairs
Albanese’s critical minerals deal isn’t good economics – but in Trump and Xi’s new world, bargaining chips matter
Australia's new mining agreement with the US has sparked debate among experts, who suggest that while the economic benefits may not be substantial, the deal is strategically significant in the current geopolitical climate. With rising tensions between global powers like Trump and Xi, such agreements can serve as important bargaining chips, highlighting the shifting dynamics in international relations. This deal could position Australia favorably in future negotiations, making it a noteworthy development in the realm of critical minerals.
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