The whole idea about the critical minerals strategy is to address the below graph.
Note: In terms of cobalt in DRC a lot of that is owned by Chinese companies by the way.
Australia let its manufacturing sector go dead in the false premise of market efficiency, and China filled the slack through a whole heap of measures to capture thaty decline and convert Oz commodities to higher values, noting labour is not a large cost component in a number of downstream commodities by the way. And China has played politics with that capture - just look at how they use rare earths to attain industry benefits in China itself.
It is no wonder the rest of the world, that is the USA/Europe and Canada, and now Australia, is trying to reduce Chinese dominance in a number of manufacturing areas. It is also a National disgrace IMO that we do not process commodities here, noting energy costs are the largest component in a number of downstream industries (and to be frank having gas shortages in Australia and China buying gas at a cheaper rate than what Australian domestic customers pay for it is also a National disgrace). Why have I mentioned gas - well currently kiln technology for converting spodumene to hydroxide are dependent on gas - made some comments in the politics thread a while ago on this aspect Post #:63836050.
Ronnie you can take your laisser faire economics and shove it -we were the only dummies in the Asian region pursuing it and let our manufacturing decline whilst others benefited.
Smooth VB drunk.
All IMO
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