My take on the Current Market Correction, page-28

Morrison steers a new course.’
Extract: WE AUST 25Sep
‘In just five days, Mr Morrison has agreed to a realignment of regional defence in the face of Chinese aggression in which the UK and the US will bring Australia into a new nuclear submarine age.
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“Issues such as how we produce clean energy into the future, how we’re delivering on the Covid vaccine challenge for our region, how we’re establishing the new supply chains that fuel and support the new energy economy that’s so critical to the economic prosperity of all of our countries, not just those within our partnership, but those well beyond.”

The four-way leaders agenda included discussions on critical technologies and materials, and the importance of securing supply chains disrupted by Covid-19 and which are vulnerable to Chinese monopolies.

There was also an ambition to expand into space research and technology which would involve all four partners working in the Indo-Pacific as well as a determination to ensure the supply of critical minerals for all countries to assist with the development of renewable energy technologies.…..
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His argument is that developing nations should be able to both sell and use critical energy sources. Australia and India have resources of so-called critical minerals and could compete with China. He is also arguing those resources could be used for existing industry and space research.