The Western Australian town of Wagerup and central hub of Alice Springs will be the first sites to see jointly US-Australian funded critical minerals facilities.

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Australia will step up production of the much-needed resources following a pact signed by Anthony Albanese and Donald Trump in the White House on Tuesday morning.

Mr Albanese said the deal would see "an accelerated pipeline of priority projects" with a $1.5 billion investment from both countries to secure a supply chain.

It was possible, Mr Trump said, after fast-tracked negotiations over the past four of five months.

"And it was good timing, and we got it done just in time for th

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