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Donald Trump may have told Australia’s ambassador, Kevin Rudd, he “didn’t like him” — and “probably never will” — but that didn’t stop the two nations from sealing an $8.5 billion minerals deal . Awkward politics aside, this pact could quietly redraw global supply chains — and shake up the ASX in the process. What the Deal Actually Is On 20 October 2025, the United States and Australia signed the United States–Australia Framework for Securing Supply in the Mining and Processing of Critical Minerals and Rare Earths—a political and industrial pivot that may well matter more to investors than the paparazzi moments.  The White House says the two countries will work together more closely to mine and process important minerals. This will help them use what they are good at in making things and keeping their countries safe. Key points: At least US$1 billion from each country within six months, targeting priority projects in the supply chain. CMC Markets A pipeline valued at US $8.5 bill...