Talks pave the way for President Donald Trump and Xi Jinping to finalize a possible deal this week.
The deal represents an “$8.5 billion pipeline,” the Australian Prime Minister said.
The rules also cover products made overseas that contain specific rare earth elements or technologies sourced from China. In addition, several rare earth elements will be added to the list of goods subject to export restrictions.
The Pentagon is investing in a mining project in Alaska, securing a 10 percent share in Trilogy Metals. At the same time, the U.S. government has authorized the approval of a planned access road to the remote mining area.
Currently limited mining output, but high potential: Malaysia seeks to capitalize on its resource wealth.
Besides further exploration, mining, and recycling, the plan also emphasizes technological advancements.