Miners eye 'critical' rare earths market amid doubts about reliability of Chinese supply
A company in the New South Wales Central West is hoping to cash in on the growing rare earths market as countries look to diversify away from Chinese supply.
Key points:
- China dominates the rare earths market but buyers are looking to diversify amid supply chain doubts
- A CSIRO report found there was a huge economic opportunity for Australia as the world transitions to renewable energy
- A company near Dubbo hopes to be the first rare earths mine in NSW
Australian Strategic Materials has a licence to mine rare earths at a site south of Dubbo that contains zirconium, niobium and hafnium.
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