1/Resources Minister Madeleine King expects Labor’s critical minerals strategic reserve to deliver financial returns to the taxpayer and make Australia safer.
2/Ms King still cannot say what critical minerals the Albanese government intends to hold in its strategic reserve, more than six weeks after deciding on the controversial market intervention.
3/ She intends to form a taskforce to work out the details of the election policy, and said it might take until July 2026 to start accumulating minerals deemed strategically important to the economy.
4/ Lynas Rare Earths CEO Amanda Lacaze warned some Western nations would never again get access to high-performance permanent magnets from China in the fallout from the trade war between the US and Beijing.
5/ Ms King and Ms Lacaze have clashed over the merits of the strategic mineral reserve, with the Lynas boss predicting the policy will create idle warehouses.
Well, working through 1-5 , I reckon Amanda has told Ms King to pull her head in. I think Ms King has now pulled her head in.
LYC Price at posting:
$7.87 Sentiment: Hold Disclosure: Held
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