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Australia Says Advancing Talks With U.S. on Rare Earths Mines
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Nations to spur supply of critical minerals outside China
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Discussions considering access to finance, contracts: minister
Lynas Corp.'s Advanced Materials Plant in the Gebeng Industrial Zone near Kuantan, Malaysia.
Photographer: Goh Seng Chong/Bloomberg
Australia is advancing separate talks with the U.S., Japan and South Korea over the development of local rare earths mining projects in an effort to bolster production outside China, which dominates the output of the materials.
Rare earths, a group of 17 elements needed in components for missile systems to consumer electronics, had been flagged as a potential weapon in the U.S.-China trade tensions, focusing attention on work to develop new sources of supply.