The world’s supply of rare earth elements has become a casualty of the US’s trade war with China, leaving Australia to pick up the slack.
The 17 elements – used in a range of new and emerging technologies like electric car batteries and specialised computer chips – are rapidly becoming a key commodity in global trade. Resources Minister Matthew Canavan said they provide “huge scope” for Australia to capitalise on that growing demand. In November, Australia took a huge step towards making that a reality when Geoscience Australia and its American equivalent – the US Geological Survey (USGS) – struck a deal to develop resources and supply chains. Read more: https://thenewdaily.com.au/finance/finance-news/2019/12/08/rare-earth-australia/
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