Talks pave the way for President Donald Trump and Xi Jinping to finalize a possible deal this week.
The Canadian company will recycle 100% of the magnet production by-products.
The deal represents an “$8.5 billion pipeline,” the Australian Prime Minister said.
China’s exports of rare earth magnets declined slightly in September following a strong rebound in the previous month.
China’s latest customs figures show another strong month for dysprosium exports, while terbium shipments softened slightly compared to August.
This week was marked by strategic moves across the rare earth and metals sector: