Australia's Albanese proposes critical minerals strategic reserve

Government says stockpiles and off-take deals would address market volatility

20250424 Australia rare earths

A worker picks up a handful of rare-earth concentrate that has been left to dry in the sun before it is packed in Australia. © Reuters

SHAUN TURTON

SYDNEY -- Australia's Prime Minister Anthony Albanese said the country will establish a critical minerals strategic reserve if his Labor Party is reelected on May 3.

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