China may be cut from critical minerals deals


Source: afr.com afr.com

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These comments build upon a discussion paper issued in November and during the first visit by a senior Chinese government official in six years, amid rising hopes for a thaw in Chinese trade bans that crippled $20 billion in exports. China produces more than 80 per cent of the world’s separated rare earths and was the destination for 96 per cent of Australia’s lithium last year. China also has more than 70 per cent market share in the processing and manufacturing of other critical minerals like antimony, bismuth and tungsten. In a reference to Russia’s invasion of Ukraine, Ms King...