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It's Wednesday the 22nd of October.

Welcome to the President's Daily Brief. I'm Mike Baker, your eyes and ears on the world stage. All right, let's get briefed.

First up, America and Australia are teaming up to disarm one of China's most powerful weapons.

It's stranglehold on rare earth minerals. We'll explain how this new $8 billion deal

between the U.S. and Oz could upend Beijing's control over the materials that power the modern world.

Later in the show, Europe and Ukraine are reportedly working on a 12-point peace proposal to end the war.

But Moscow doesn't seem ready to budge. And by that, I mean,

they're not ready to budge. Plus, history made in Japan, where voters have elected the country's

first female prime minister, known for her nationalist Japan First stance. And in today's back of the

brief, the European Union finally sets a deadline to cut off Russian gas for good,

announcing they'll end imports in 2008.

But first, today's PDB spotlight.

Regular listeners know that we usually talk about power in kinetic terms here on the PDB, weapons, intelligence, boots on the ground. But one of China's

most powerful weapons isn't on the battlefield. It's underground. And now the U.S. and Australia

are teaming up to make it less threatening. This week, Washington and Canberra announced a

sweeping new deal worth roughly $8.5 billion to start with to try and break China's

grip on the global supply of critical rare earth minerals. The plan includes a U.S.-backed

gallium refinery in Western Australia, a rare earth oxide facility run by Araferro rare earths,

and billions more in government financing for mining and processing projects

...