Australia to stockpile critical minerals in strategic reserve

Albo’s $1.2bn pledge amid Trump’s tariff threat

The Albanese government will invest $1.2bn into Australia’s critical minerals supply, which will likely play a major role in negotiating a tariff carveout from the Trump administration.

Rare earths and other critical raw materials are essential for the manufacture of smartphones, electric car batteries and defence systems, among other technologies. Their extraction has a high ecological cost, but its strategic importance is increasingly noticeable.

Australia plans critical minerals reserve to reduce global reliance on China

It has some of the world’s largest deposits of critical minerals, but China dominates processing. Read more at straitstimes.com.

Labor pledges to set up a strategic reserve of critical minerals

Labor would spend $1.2 billion stockpiling critical minerals if re-elected, in a bid to protect the country’s interests in the mining revolution.

Albanese Banks on Critical Minerals Reserve to Bolster Sovereignty

Australia’s Labor government will pour $1.2 billion (US$764 million) into a new strategic reserve of critical minerals in a bid to build an alternative supply chain to China. Prime Minister Anthony Albanese, campaigning ahead of the May 3 federal election, said the investment was part of efforts to boost economic resilience. “We need to do more with the natural resources the world needs, and that Australia can provide,” Albanese said in Perth on…

Australia sits on huge reserves of critical minerals, but what do they do?

Australia is joining the European Union and the United States in establishing strategic reserves of critical minerals, but what do they actually do, and why are they so important?