Quad countries join forces to secure critical minerals

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  Hello and welcome to World Business Report from the BBC World Service.

• 00:03

  I'm Sam Fennick.

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  Coming up today,

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  UK bonds and the pound tumble after a tearful appearance of the Finance Minister Rachel Reeves in Parliament.

• 00:16

  The US, Japan,

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  Australia and India agree a landmark minerals deal to secure vital supplies and reduce dependence on China.

• 00:25

  Women's football takes centre stage as the Euros kick off in Switzerland.

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  We'll hear about the atmosphere.

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  They've all got their blue shirts on.

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  There's face paint, flags, balloons.

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  There's a real party atmosphere here.

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  And we'll be discussing the continued rise of women's football and the business around that.

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  First though, the United States, Japan,

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  India and Australia are joining forces to secure supplies of critical minerals essential for the next generation of technologies.

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  The four nations have launched the Quad Critical Minerals Initiative,

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  aiming to diversify supply chains and reduce reliance on China,

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  which dominates global reserves of things like cobalt, lithium and rare earths.

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  Here's the US Secretary of State Marco Rubio.

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  There are many topics that we can work on and focus on.

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  One that I've personally been very focused on is diversifying the global supply chain of critical minerals.

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