The speed of the fallout shows just how reliant the world has become on China’s mineral supply chain and its production of rare-earth magnets , used in everything from wind turbines and medical devices to combustion and electric motors, and ballistic missile guidance systems. The Albanese government believes it can help break China’s dominance, but experts say the challenge is enormous.
Prof John Mavrogenes, from the Australian National University’s research school of earth sciences, says the government needs to dramatically boost its investment in skills, education and technology if it wants to develop the domestic capability to manufacture rare-earth products, namely magnets.
