Australian critical mineral producers are looking to Japan to help finance the government’s push to develop processing capabilities and help break China’s dominance.
| Australian critical mineral producers say Japan offers crucial capital and a growing market for their products at a time when theinstead of dominant player China.
The Austrade-led mission to Japan comes at a time when the Albanese government wants to encourage the development of processing capabilities in Australia.to address national interest concerns over China’s dominance of supply chains for minerals like rare earths. While delegations have been visiting Japan and South Korea since before the pandemic, those markets are taking on new significance as government policies increasingly seek to exclude China.
There are hopes Japan will replicate in critical minerals the multibillion-dollar investments has made in Australian gas over the decades, although this is likely to be overshadowed by capital going into green energy projects such as hydrogen. He also said the push to break China’s dominance of the industry meant governments should look at developing a two-tier pricing market that would separate low-cost product from materials delivered under stricter certification requirements.
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