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

The GuardianTuesday, October 21, 2025 at 2:00:39 PM
Albanese’s critical minerals deal isn’t good economics – but in Trump and Xi’s new world, bargaining chips matter
Australia's Prime Minister Anthony Albanese has finalized a multi-billion dollar mining agreement with the US, which, while criticized for its economic viability, is seen as a strategic move in the current geopolitical climate. Experts suggest that even if the financial benefits are questionable, the deal serves as a crucial bargaining chip amid rising tensions between global powers like the US and China. This agreement highlights the importance of resource security and international partnerships in today's world.
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