PERTH (AFP) - Australia will step up production of rare earths and other militarily sensitive 'tech metals', the country's defence minister said Monday (Aug 12), as doubts grow over the reliability of Chinese supplies.. Read more at straitstimes.com.
PERTH - Australia will step up production of rare earths and other militarily sensitive"tech metals", the country's defence minister said Monday , as doubts grow over the reliability of Chinese supplies.
China produces more than 95 per cent of the world's rare earths, and the United States relies on it for upwards of 80 per cent of its imports." Australia we have at least 40 per cent of the known reserves of tech metals, whether it's lithium, cobalt, nickel, graphite but also most of the rare earths that our current technology and our lifestyles today relies on," she said.
In the case of dysprosium - which can be used in magnets for electric vehicles or nuclear reactor rods - it is 100 per cent.
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