Australia’s critical minerals policy risks going off the rails. The Albanese government is being urged to apply a zero-sum geopolitical lens that would see China designated only as a threat, not a potential partner. The reasons the sector is in the policy spotlight are well known.
As global demand for Australia’s fossil fuel exports enters a period of structural decline, critical minerals can pick up the earnings slack. And because it’s early days, there’s an opportunity to move beyond a “dig it up, ship it out” model.
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James Laurenceson is Director of the Australia–China Relations Institute (ACRI) at the University of Technology Sydney.
