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CRYPTO · DIGESTU.S. backs Australianrare earth mine

U.S. Department of War backs Australian scandium mine to reduce China's rare earth dominance

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The Trump administration has committed backing to an Australian scandium mine project, according to CNBC. The move is part of a broader effort to reduce China’s dominance in critical minerals. Scandium is used in aerospace and defense applications.

Sources: CNBC

This article is for information only and is not financial advice.

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Tags: rare-earths, critical-minerals, australia, trump-administration, china
Canonical IDBYTE-2026-08-10-0007permanent link
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