Category: Trade

PolicyTrade

US and Australia Forge Critical Minerals Partnership to Diversify Global Supply Chains

The United States and Australia have signed a significant agreement to strengthen critical minerals supply chains amid growing concerns about China’s market dominance. The partnership includes immediate investment plans and supports ready-to-go projects valued at $8.5 billion. This collaboration represents a strategic move to secure essential materials for technology and defense applications.

Strategic Minerals Agreement Signed

The United States and Australia have finalized a comprehensive deal to enhance production and processing of rare earth elements and other critical minerals, according to reports from both governments. The agreement comes as Western nations seek to reduce their dependence on China, which currently dominates the global supply chain for these essential materials.

by Alvarez Jordan
EconomyTrade

China’s Economic Growth Moderates Amid Trade Tensions and Property Sector Challenges

China’s economic expansion has moderated to its slowest rate in four quarters, with GDP growth reaching 4.8% year-on-year. The cooling momentum comes amid ongoing trade tensions and a prolonged property sector adjustment, adding complexity to policymakers’ efforts to rebalance the economy toward domestic consumption.

Economic Growth Moderates in Third Quarter

China’s economic expansion reportedly slowed to its most moderate pace in a year during the third quarter, with the gross domestic product growing 4.8% year-on-year according to official data. This represents a deceleration from the 5.2% growth recorded in the previous quarter, sources indicate, as the world’s second-largest economy navigates multiple headwinds including trade tensions and property market adjustments.

by Alvarez Jordan