The US is backing Aussie critical minerals projects

U.S. Commerce Secretary Gina Raimondo said the Biden administration will provide support for key Australian metal projects through export financial institutions, with a view to boosting mineral supply and changing the China-led situation in the related materials sector.
Reference: The joint statement

Which ASX mining shares could benefit from the focus on critical minerals?
Green metals like lithium and cobalt have been a focus of ASX investors for a while now. 
Lithium shares are an obvious beneficiary of the US move. The ASX is home to many of these critical minerals. Related stocks: $Pilbara Minerals Ltd(PLS.AU)$ , $Mineral Resources Ltd(MIN.AU)$ , $AVZ Minerals Ltd(AVZ.AU)$ , $Cobalt Blue Holdings Ltd(COB.AU)$ , $Neometals Ltd(NMT.AU)$ , $Nickel Industries Ltd(NIC.AU)$ , $Lynas Rare Earths Ltd(LYC.AU)$

So all of these ASX resources shares have the potential to benefit over the medium-to-long term from the news out of the trade minister’s office this week. Many have already received assistance from governments. And many more might join them in the future. Given the current geopolitical climate, critical mineral security is undoubtedly a hot topic right now. Keep an eye on it if you are interested in this sector.
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