AUSTRALIA will stockpile critical minerals in a new strategic reserve, Prime Minister Anthony Albanese said Thursday.
Mining superpower Australia sits on bulging deposits of lithium, nickel and cobalt — metals used in everything from smartphones to electric vehicles.
Albanese said Australia would start stockpiling these commodities at home, striking deals to sell them to other “key partners”.
“Increasingly uncertain times call for a new approach to make sure Australia maximises the strategic value of critical minerals,” he said in a statement.
“We need to do more with the natural resources the world needs, and that Australia can provide.” — AFP
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