MADELEINE KING:
"A Strategic Reserve will mean Government has the power to purchase, own and sell critical minerals found here in Australia...
We know these minerals are subject to price manipulation and that western producers are all too often priced out of the market, or that rare earths and critical minerals are subject to arbitrary export bans or controls.
Everyone is aware of China’s recent export restrictions for rare earths, tungsten and graphite...
Our Srategic Reserve... will no doubt be part of ongoing discussions with the United States, European economies and partners like Japan and Korea in our region...
Offtake agreements are intended to secure offtake of priority minerals for strategic reasons – rather than to support commerciality of projects. But naturally, certainty of offtake may also help in some cases.
I will soon establish a Taskforce made up of the private and public sectors to finalise the design of the Reserve, including on the detail around what price the Government may offer, how a reserve would function and where reserves could be located."
https://www.minister.industry.gov.au/ministers/king/speeches/speech-australian-financial-review-mining-summit
Add to My Watchlist
What is My Watchlist?
