Government commits $240 million to critical minerals projects in mission to end Australia's reliance on China

Summary

This article by Henry Belot, writing for ABC-Australia, makes the following points:

• The Australian Government has committed $240 million to critical minerals projects.
• China produces and supplies almost all the minerals used to make renewable energy products, mobile phones, electric vehicles and even the batteries used in the US joint-strike fighter.
• The Federal Government says Australia needs to break away from China's industry domination.
• Australia has a lot of rare earth minerals it can mine.
• Australia has serious strategic concerns about China's market dominance.
• The 2022 Russo-Ukraine Conflict has exposed Europe's reliance on Russia for energy.

References

Recent Runway Posts related to this topic:

• How China wrested control of the Congo’s critical minerals | The Runway (airforce.gov.au)

References from the Web:

• JUL 2021  Race on for Australian rare earth supplies as fears grow over China's market 'monopoly'—ABC
• MAR 2022  PM boosts critical minerals and defence spending amid China threat—AFR
• MAR 2022 Australia unveils $360m in critical minerals funding to offset China dominance—Mining.com 

Source Information:

• Article Source: ABC News (Australian Broadcasting Corporation)
• Media Check: ABC News - MediaRAAF RUNWAY: RATIONALE, GUIDELINES, LEARNING OUTCOMES, ETC.