Australia funds rare earth research as West seeks China alternatives

Canberra to spend $14m to boost rare earth and critical minerals sectors

20240108 Australia rare earth

A Lynas worker walks past sacks of rare earth concentrate waiting to be shipped to Malaysia, at Mount Weld, northeast of Perth, in 2019. Australia is funding rare earth and critical mineral research. © Reuters

SHAUN TURTON, Nikkei staff writer

SYDNEY -- Australia's government will funnel 22 million Australian dollars ($14 million) into rare earth and critical mineral research as it endeavors to be a "global clean energy supplier," its resource minister said on Monday.

"The path to net zero by 2050 runs through Australia's resources sector," Madeleine King said. "The new research will help Australia further develop critical minerals and rare earths processes, and encourage downstream processing to produce components for clean technologies."

Sponsored Content

About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.