JUST IN: Canada and Australia LOCKS $25B Minerals Deal — New Alliance BYPASSES U.S. Markets
Автор: Inside Canada TV
Загружено: 2026-03-05
Просмотров: 3105
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Canada Australia sign critical minerals alliance March 5 2026 Canberra Parliament with Anthony Albanese welcoming Australia as first non-G7 country joining Critical Minerals Production Alliance as Mark Carney addresses Australian Parliament first Canadian PM since 2007. Combined partnership controls 34% global lithium, 32% uranium, 41% iron ore with $25 billion war chest fast tracking projects bypassing U.S. markets and Chinese supply chain dominance.
Carney told Australian lawmakers "in world of great power rivalry middle powers have choice: compete for favor or combine for strength" with Albanese responding "Australia Canada are middle powers in changing world, we can back ourselves, back our citizens, back each other." Alliance announced March 2 unlocks $12.1 billion critical minerals projects with 30 new partnerships across 12 allied countries. Combined with October 2025 investments Alliance now mobilizes $18.5 billion Canadian projects strengthening supply chains, supporting economic growth, reducing strategic vulnerabilities.
China controls 98.7% global gallium production, 95% magnesium, 82.7% tungsten, 69.2% rare earth mining, 90% rare earth processing. Canada Australia partnership creates alternative architecture through production alliance buyers club model versus U.S. price floor approach. Canadian Energy Minister Tim Hodgson stated production alliance better addresses supply concentration than price floors alone after Trump administration excluded Canada from U.S.-Mexico bilateral arrangement February 4 2026.
Australia allocated A$1.2 billion ($850 million USD) building critical minerals stockpile beginning antimony, gallium, rare earths aligning with Canada defence stockpiling regime. Both countries share geological survey data, technical expertise through annual Resources Ministers meetings. Australian superannuation fund IFM announced intention invest up to $10 billion Canada during Carney visit. Both Prime Ministers agreed launch negotiations modernize Canada Australia Tax Treaty facilitating increased two-way investment.
Defence cooperation strengthens partnership with Australia Canada largest defence partner Indo-Pacific. Training Canadian Armed Forces personnel on Arctic Over the Horizon Radar system begins Australia mid-2026 enabling Canada better detect deter threats across Arctic using technology based Australia Jindalee system selected June 2025. Bilateral goods trade totaled $7.8 billion 2025, services trade valued $4.6 billion. Australia largest destination Indo-Pacific for Canadian direct investment totaling $58.8 billion 2024.
Middle power strategy emphasizes what Carney calls strategic autonomy: develop greater self-sufficiency independence in energy, food, critical minerals ensuring ability to feed, fuel, defend, innovate without being held hostage to great power demands. Partnership offers alternative to both Chinese processing monopoly and American policy volatility under Trump leadership creating third parallel system through G7 coordination plus non-member allies with high environmental social governance standards.
#MarkCarney #AnthonyAlbanese #CriticalMinerals #CanadaAustralia #G7Alliance #MiddlePowers #LithiumUranium #SupplyChains #DefenceCooperation #ArcticRadar #canadanews #canadausa
🚨 DISCLAIMER:
This video provides political commentary and analysis based on publicly available information and official government statements. Content is for informational and educational purposes only and represents independent analysis of geopolitical developments.
📰 SOURCES: PMO Canada, Reuters, BNN Bloomberg, Australian PM Office, Natural Resources Canada
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