- Australia’s A$1.2 billion reserve will provide partner countries priority access to critical minerals.
- The exchange for this access includes joint funding and guaranteed demand from partner countries.
- This is a strategic initiative representing a bold market intervention.
- The goal is to create a more resilient and collaborative international supply chain for critical minerals.
[…]
Australia is taking an unprecedented step to reshape the rare earth supply chain: it plans to sell stakes in a new Critical Minerals Strategic Reserve (opens in a new tab) to allied nations. This initiative, as reported by Reuters – essentially inviting partners like the UK, US, and France to co-invest in Australia’s stockpile of critical minerals – comes as Western governments scramble to end reliance on China for rare earth elements (REEs) and other “minor” but vital metals. Rare Earth Exchanges (REEx) has investigated this bold gambit, which could mark a turning point in how the world secures these strategic resources.
[…]
Tenderizer@aussie.zone 3 weeks ago
Rare earth metals aren’t profitable. If the world wants ours, they should become shareholders.
slazer2au@lemmy.world 3 weeks ago
Would rather they be tax payers rather then shareholders then at least we get something back from their pillaging of natural resources.
Tenderizer@aussie.zone 3 weeks ago
We’d need to mine the rare earth metals at a loss. Nobody’s getting anything back from mining them.
Deceptichum@quokk.au 3 weeks ago
Considering companies exist to serve shareholders, why would we want that? “Oh hey world, do you want our resources? Come get fucking rich off of them instead of us”.
Tenderizer@aussie.zone 3 weeks ago
We’d need to mine the rare earth metals at a loss. Nobody’s getting rich off them.
hanrahan@piefed.social 3 weeks ago
And incredibly toxic to proceess.
It’s why Lynas didnt even bother trying for a permit for its WA mine and istead pollutes the shit out of the Malaysian rainforest after transporting the ore there.