Australia to prioritise critical minerals refining and European market in updated strategy

Australia plans to give greater attention to critical minerals refining and processing under an updated strategy, as competition for investment grows and concerns over supply chains continue. Resources Minister Madeleine King said the revised strategy would guide the industry's next stage of development, with a focus on creating greater economic and strategic value from critical minerals. She said Australia would prioritise processing activities where it already has, or could develop, a competitive advantage. Australia is a major supplier of critical minerals, including rare earths used in defence and renewable energy. However, China dominates the refining stage of the supply chain. Western countries are seeking to expand their own processing capabilities and diversify supplies of...