Australia is seeking “like-minded” partners in extracting and processing critical minerals to try to break China’s monopoly. Read more at straitstimes.com.
SYDNEY - For decades, Australia has been a crucial supplier of the iron ore that has helped to quench China’s insatiable appetite for steel.
But, as tensions in the region have heightened and concerns emerged about supply chain problems during the Covid-19 pandemic, Canberra has started seeking new “like-minded” partners to extract and process critical minerals to break China’s monopoly. But it is not yet clear whether Canberra’s moves will set back the diplomatic relationship or lead China to expand a series of trade sanctions it has imposed against Australia.
Since the election of Mr Albanese’s Labor party last year, Beijing has ended its freeze on high-level contacts with Canberra.
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