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Australia To Stockpile Critical Minerals In Strategic Reserve

Australia
International Business Times Fews App News Provider
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A man walks past a mural of a mine by artist Simon Denny in Melbourne AFP Australia will stockpile critical minerals in a new strategic reserve, Prime Minister Anthony Albanese said Thursday, as nations scramble to source rare earths and coveted metals outside China. Mining superpower Australia sits on bulging deposits of lithium, nickel and cobalt -- metals used in everything from smartphones to electric vehicles. But most of this boon is sold as raw ore to processing factories in China, which has a chokehold on the global supply of finished critical minerals.

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