Asian-News.net is your go-to online destination for comprehensive coverage of major news across Asia. From politics and business to culture and technology, we bring you the latest updates, deep analyses, and critical insights from every corner of the continent. Featuring exclusive interviews, high-quality photos, and engaging videos, we keep you informed on the breaking news and significant events shaping Asia. Stay connected with us to get a 24/7 update on the most important stories and trends. Our daily updates ensure that you never miss a beat on the happenings in Asia's diverse nations. Whether it's a political shift in China, economic development in India, technological advancements in Japan, or cultural events in Southeast Asia, Asian-News.net has it covered. Dive into the world of Asian news with us and stay ahead in understanding this dynamic and vibrant region.

Contacts

  • Owner: SNOWLAND s.r.o.
  • Registration certificate 06691200
  • 16200, Na okraji 381/41, Veleslavín, 162 00 Praha 6
  • Czech Republic

Australia doubles down on rare earths despite Chinese dominance

SYDNEY -- Attempts by Australia and others to boost their role in rare-earth elements face numerous challenges even though China's grip is expected to loosen in the coming decade.

Australia announced this month that it will back a second large rare-earth project, providing a loan of 840 million Australian dollars ($550 million) to the Australian miner Arafura to build a mine and processing facility in the Northern Territory. The loan, provided largely by the government's Critical Minerals Facility, comes two years after another miner, Iluka, was given AU$1.25 billion to build a rare-earth processing plant in Western Australia.

Read more on asia.nikkei.com
DMCA