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For all the anxiety over whether Australia could be drawn into a military showdown over Taiwan and the impact that may have, our dominance of the iron ore trade may provide a circuit breaker with China, writes Ian Verrender.
Resources minister Madeleine King says Australia will deepen critical minerals collaborations with “likeminded partners” to move away from the concentration of the supply chain in China. Speaking at the Australian Strategic Policy Institute’s Darwin Dialogue, Ms King highlighted that China “enjoys an unchallenged position” in concentrating much of the critical minerals processing supply chain. Beyond the opening of new mines, Australia’s “vast reserves of critical minerals and rare earth elements” provide an opportunity for downstream processing and supply chains and put Aust...