www.bloomberg.com
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Australia has announced a strategic initiative to buy and stockpile critical minerals from domestic mining companies, marking a significant shift from its traditional “digger and dealer” economic model. The plan aims to support local producers facing falling prices due to Chinese oversupply while bolstering national security and diversifying global supply chains for high-tech and defense sectors. Under the Critical Minerals Buyback Scheme, the government will act as a customer of last resort to guarantee supply. This intervention seeks to accelerate downstream processing within Australia, ensuring the nation plays a pivotal role in supplying materials essential for batteries, semiconductors, and weaponry to Western allies.
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