SBS News In Depth Folgen

Australia's newly sealed critical minerals deal with the United States has sent the share market skyrocketing. The industry and investors are responding to billions of dollars in new investment aimed at disrupting China's dominance over global rare earths supply chains.

The Australian sharemarket hit a record high for a second time in a week as the US and Australia strike a rare earths supply deal, but it was BHP that was a real stand out today. SBS Finance Editor Ricardo Gonçalves speaks with Catherine Allfrey from Wavestone Capital to find out if the sector is worth the hype and what else is driving investors.

In a historic meeting between Donald Trump and Anthony Albanese, the AUKUS agreement remained unchanged as the two leaders unveiled a multi-billion-dollar critical minerals deal to secure supply chains and reduce reliance on China. The agreement involves major US investment in Australian mining and processing projects, but has sparked criticism over fears it could give the US too much control over Australia’s resources and sovereignty.