The G7 investment community is coming for Australia and South...

The G7 investment community is coming for Australia and South Korea!

G7 leaders announce plan to counter China's dominance of critical minerals with a strategy that could see Western allies cooperating with Australia, India and South Korea. source

Key points:

• G7 leaders announced plans to shore up their supply chains with the help of Australia, India and South Korea in a bid to counter “non-market” policies and practices that have threatened the ability of Western countries and their allies to access essential critical minerals and rare earth elements.
• We will create a critical minerals production alliance, a G7-led strategic initiative to stockpile and develop critical minerals needed for defence and technology,” Carney said in a news conference at the conclusion of the G7 Summit in Kananaskis, Alta., on Tuesday.
• The strategy will feature increasing investment, partnerships and infrastructure, including “economic corridors” in emerging markets, to increase the supply and access to critical minerals, including graphite.
• Industry watchers say China has cornered the market on critical minerals largely through a combination of state subsidies, strategic investments in global mining and market tactics that depress prices to undercut competitors.
• The G7’s focus on mobilizing capital for “responsible extraction” in democratic countries with a good track record on labour and environmental standards is encouraging.

Meanwhile, South Korea and Australia build stronger ties. source
US call for membership expansion to include Australia and South Korea source

All IMO, DYOR, GLTA(patient)H