rare earth minerals

Australia Challenges China’s Stranglehold on Rare Earths, Critical for ‘Green’ Energy

Australian mining company Arafura Resources said on Wednesday that an enormous deposit of rare earth minerals discovered in central Australia, developed with the aid of a $30 million grant from the federal government, could help to significantly weaken Communist China’s stranglehold on the rare-earths supply – a class of minerals vitally important to “green energy” projects around the world.

Australian Prime Minister Scott Morrison looks on during a meeting with Quad members India, Japan, United States and Australia, in Melbourne, Friday, Feb. 11, 2022. The four nations form the so-called "Quad," a bloc of Indo-Pacific democracies that was created to counter China's regional influence.

China: Poor Virus Handling Obstructs Electric Vehicle Manufacturing

Two cobalt salt plants in China’s eastern province of Zhejiang halted production on December 10 in response to local Chinese coronavirus “flare-ups,” the Global Times reported Thursday, noting the labor suspensions threaten to cause a spike in the prices of lithium-ion batteries for electric vehicles, which rely on cobalt as a key component.

This photo taken on November 29, 2021 shows a resident undergoing a nucleic acid test for the Covid-19 coronavirus in Manzhouli in China's northern Inner Mongolia region. - China OUT (Photo by CNS / AFP) / China OUT (Photo by STR/CNS/AFP via Getty Images)