Australia’s critical miners and rare earths operators say backing for the sector from the

US government will allow the local industry to expand considerably faster at a time when there is an urgent need to increase production.

Gina Raimondo, the US Commerce Secretary, said the Biden administration would direct its export financing arms to support Australian critical mineral projects in the hope of boosting the supply of materials in a sector dominated by China.

David Woodall, managing director of the ASX-listed Australian Strategic Materials, was part of Trade Minister Dan Tehan’s delegation in Washington. “Our discussions in the US confirm what we have been hearing worldwide about the urgent need to derisk the global critical minerals supply chain,” Mr Woodall said.

Read Adam Creighton’s article in The Australian