January 14th – The Australian government recently announced it will invest AU$1.2 billion to establish a strategic reserve of critical minerals to ensure the supply of essential materials needed for economic and national security.
According to a statement from the Australian Department of Industry, Science and Resources, the first minerals included in the reserve are antimony, gallium, and rare earth elements. The statement said these resources are crucial for clean energy, high-tech manufacturing, and advanced military hardware. This move aims to enhance Australia’s leading position in the global critical mineral market while providing a stable supply to export partners.