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Australia Launches $1.2 Billion Reserve for Critical Minerals

1/12/2026

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Australia Boosts Minerals
  • Australia will establish a $1.2 billion strategic reserve for critical minerals, focusing on antimony, gallium, and rare earths.
  • Treasurer Jim Chalmers (Australian Treasurer) is in Washington, D.C., for Group of Seven (G7) discussions on countering China's dominance in critical minerals.
  • The reserve will secure rights to Australian minerals, boosting supply chain reliability for allies.
  • The initiative follows a recent agreement with the United States to bolster access to critical minerals.