US and Australia Finalize $2.2 Billion Critical Minerals Agreement

Seven Australian companies, including Alcoa, will receive funding support to boost strategic mineral production such as gallium.

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Terms & Concepts
  • Critical Minerals: Naturally occurring minerals considered essential for modern technologies and national security, often with limited or geopolitically sensitive supply sources.
  • Gallium: A soft, silvery metal used in semiconductors, electronics, and solar cells, often obtained as a by-product of aluminum and zinc production.