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Labor will establish a critical minerals strategic reserve, which it says will help Australia stand up for its national interest in a complex and changing geostrategic environment.
The government would stockpile large amounts of mining products and rare earth materials and would generate money through the sale of minerals on global markets to allies. Stockpiles of the minerals would be set aside from commercial projects through contracts.
In a time of global uncertainty, Australia will be stronger and safer by developing our critical national assets to create economic opportunity and resilience.
It will mean we can deal with trade and market disruptions from a position of strength, because Australia will be able to call on an internationally significant quantity of resources in global demand.”
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