How Are President Trump's Deals Impacting Metals Markets?

Now, a number of agreements related to critical materials were reached during the president's trip to Asia in late October.

What impact is this having on metals markets? >> Yeah, this is uh become becoming very important and I think you know one of the things about President Trump's recent trip throughout Asia was the number of deals that he was able to get signed.

Um there were some agreements to reach with Malaysia and Thailand, both of which have significant critical materials uh resources. uh those deals are aimed at making sure that those resources can actually be exported to the United States and other western countries.

Um you know not necessarily in Asia but also as part of that trip uh President Trump visited Australia and uh on the backs of that trip actually signed a an 8.5 billion deal with Australia again aimed at joint ventures to increase the the supply of critical materials for the United States and um you know this is an important step.

Uh earlier this year, Australia actually announced that they were going to have their own critical material stockpile.

We've since seen the the US uh make similar statement about two two months ago, a month ago, uh where they're looking to have a $1 billion critical material stockpile.

So, I think what this is doing is just putting an emphasis on critical materials and then how Western governments are viewing them as it relates to national security.

Um, also with this Australian deal, what it's going to do is establish some price floors uh that will help to stabilize the markets and also provide an incentive and attractant for other investment in the