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

Though the dollar benefits may not outweigh the cost on Australia’s new mining agreement with the US, experts say it couldn’t have gone any betterGet our breaking news email, free app or daily news podcastAnthony Albanese has struck a multi-billion dollar deal with Donald Trump to develop critical minerals projects in Australia that will never be commercially viable.When it’s laid out like that, it very much sounds like our prime minister fell victim to the president’s “art of the deal”. But we are in a new world where the national value of our critical minerals extends beyond economics, experts say. Continue reading...