Australia has huge deposits of rare earths and other critical minerals,but exploiting them means competing with China.
Australia is joining the United States to tackle China’s dominance in key green commodities. But the government faces tough choices to help local industry.
Anthony Albanese will double the finance available to exporters to unlock reserves of lithium,nickel and other essential elements for renewable technologies.
Trade Minister Don Farrell and key cabinet ministers will seek to convince Japan of Australia’s reliability as an exporter in high-powered trade talks.
The expected drop in earnings from resources and energy exports highlights the perils facing an economy already struggling with the RBA’s aggressive tightening of monetary policy.
A surplus is good news for households grappling with a cost of living crisis,after the watchdog in June flagged a shortfall for heating and electricity.
The $40,000-a-year private school’s new student centre,modelled on a Scottish baronial castle,will be completed two years late and millions over budget.
The competition watchdog has urged Queensland gas producers to sign supply deals with local buyers to fill the forecast shortfall before locking in exports.
The Albanese government says it will invest hundreds of millions to work with “like-minded partners” around the world to overcome China’s market dominance.
Resources Minister Madeleine King says she cannot justify financial support for the gas industry to develop controversial emissions reduction technology.
While Australia made a $2 billion “down payment” on a strategy to ensure a slice of booming green energy markets,Chris Bowen reiterated the need for gas in the transition.