US announces $400m investment in Australian rare earth mine
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Source: Al Jazeera
Published: 2026-08-08 19:30 UTC+10:00
Section: General
Factuality Score: 90
Opinion Category: Neutral
Topics: Asia, Military & Defence, Australia, Economy & Finance, China, Financial Markets, World News, Business & Economy, Asia Pacific
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Snippet:
The United States Department of Defense has announced a $400m conditional loan commitment to an Australian company to build the world’s first primary mine for scandium, a critical rare earth element whose market is dominated by China.
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