Australia Invests $22 Million in 3 Rare Earth Projects to Counter Beijing’s Export Ban

The Australian government will invest nearly $22 million (US$14.8 million) in three rare earth projects led by well-known research institutes. This comes following Beijing’s trade restrictions in late December 2023 that prohibited the export of technology to make rare earth magnets as well as the communist regime’s efforts to curb the shipment of gallium and germanium in October. Rare earth minerals are a group of 17 elements that are vital in the manufacture of a wide range of products, from electric cars, batteries and renewable energy infrastructures, to military equipment. On Jan. 8, federal Resources Minister Madeleine King revealed that the Labor government would provide funding to three projects to develop the technology required for producing a number of rare earth elements....