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Report shows importance of Australia supplying minerals to China
(MENAFN) Australia is providing minerals to China that are vital for Beijing’s hypersonic missile and nuclear programs, ABC News reported.
Chinese companies are the largest shareholders in two Western Australia mines, with one receiving a government-backed soft loan of AUD $160 million (about $103 million). Australia, the world’s largest producer of zirconium, supplies 41% of China’s imports of the critical mineral.
The report noted that Australia continues to provide raw materials crucial to China’s military expansion, even as it positions itself as a strategic US partner aiming to reduce Beijing’s dominance over rare-earth and critical-mineral processing.
Last month, Australia and the US signed a critical minerals and rare earths agreement during Prime Minister Anthony Albanese’s visit to Washington, covering projects worth up to $8.5 billion. The White House said both governments plan to invest over $3 billion in these projects in the next six months, unlocking an estimated $53 billion in resources.
In related remarks, Australian Security Intelligence Organization (ASIO) Director-General Mike Burgess, in his annual assessment, said he avoided singling out China during his speech, despite past complaints from Beijing when he had previously done so. “I will continue to call them out when I need to,” Burgess said.
Chinese companies are the largest shareholders in two Western Australia mines, with one receiving a government-backed soft loan of AUD $160 million (about $103 million). Australia, the world’s largest producer of zirconium, supplies 41% of China’s imports of the critical mineral.
The report noted that Australia continues to provide raw materials crucial to China’s military expansion, even as it positions itself as a strategic US partner aiming to reduce Beijing’s dominance over rare-earth and critical-mineral processing.
Last month, Australia and the US signed a critical minerals and rare earths agreement during Prime Minister Anthony Albanese’s visit to Washington, covering projects worth up to $8.5 billion. The White House said both governments plan to invest over $3 billion in these projects in the next six months, unlocking an estimated $53 billion in resources.
In related remarks, Australian Security Intelligence Organization (ASIO) Director-General Mike Burgess, in his annual assessment, said he avoided singling out China during his speech, despite past complaints from Beijing when he had previously done so. “I will continue to call them out when I need to,” Burgess said.
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