Australia Takes Action to Strengthen Supply Chain for Critical Minerals
Monday, 3 June 2024, 07:39
Australia Orders Divestment of Rare-Earth Stakes
The Australian government has directed Chinese-linked funds to sell their investments in rare-earth assets for the sake of national interest. This decision is in line with the country's efforts to secure a more robust supply chain for critical minerals, particularly in light of the energy transition.
Rationale for the Decision
- Australian Sovereignty: Australia's move underscores the importance of domestic control over vital resources.
- Strategic Supply Chain: Prioritizing local ownership aims to strengthen the supply chain for critical minerals.
In conclusion, the order for Chinese funds to divest from rare-earth stakes demonstrates Australia's commitment to securing its position in the global market and supporting the energy transition.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.