• Latest
  • Trending
  • All
Australia Angling to Increase Rare Earths Supply Chain Strength

Australia Angling to Increase Rare Earths Supply Chain Strength

November 22, 2019

Global Strategic Sourcing Software Market 2017-2026| SAP Ariba, Coupa, Scout RFP, Zycus, Procurify – Galus Australis

April 16, 2020
Weakest link in supply chain threatens car industry revival

Weakest link in supply chain threatens car industry revival

April 16, 2020
New case reported at Lexington LEX2 warehouse

New case reported at Lexington LEX2 warehouse

April 15, 2020
These inventory trackers will notify you when hard-to-find items are back in stock

These inventory trackers will notify you when hard-to-find items are back in stock

April 15, 2020

Last Mile Delivery Market Analysis, Revenue, Share, Growth Rate & Forecast To 2025

April 15, 2020
Antonov An-225 Mriya: world’s largest cargo plane, history, details

Antonov An-225 Mriya: world’s largest cargo plane, history, details

April 15, 2020
Coronavirus | Punjab all set for wheat procurement within lockdown norms

Coronavirus | Punjab all set for wheat procurement within lockdown norms

April 14, 2020
Copperstate Farms Launches International Cannabis Brand DNA Genetics in Arizona Market

Copperstate Farms Launches International Cannabis Brand DNA Genetics in Arizona Market

April 14, 2020
Mzee Moi’s Ksh10B Gift to Gideon

Mzee Moi’s Ksh10B Gift to Gideon

April 14, 2020
Covid Knights: Corporate social purpose in the time of COVID-19

Covid Knights: Corporate social purpose in the time of COVID-19

April 14, 2020
How Tesla And BMW Are Leading A Supply Chain Renaissance With Blockchain

How Tesla And BMW Are Leading A Supply Chain Renaissance With Blockchain

April 14, 2020
Last Mile Delivery Market Worth Observing Growth | UPS, FedEx, SF Express

Last Mile Delivery Market Worth Observing Growth | UPS, FedEx, SF Express

April 14, 2020
  • Supply Chain
  • Logistics
  • Warehousing
  • Procurement
  • Shipping
  • More
    • Strategic Sourcing
    • Spend Analysis
    • Inventory
    • Contact Us
No Result
View All Result
United States International Supply Chain Commission
United States International Supply Chain Commission
Home Supply Chain

Australia Angling to Increase Rare Earths Supply Chain Strength

by usiscc
November 22, 2019
in Supply Chain
0
Australia Angling to Increase Rare Earths Supply Chain Strength
492
SHARES
1.4k
VIEWS
Share on FacebookShare on Twitter

australian flags

An Austrade specialist says the Australian government has taken a “keen interest” in the rare earth elements supply chain.

With the US leaning into its trade dispute with China, uncertainty in the rare earths market, coupled with an overreliance on the Asian nation for production, has spurred the Australian government to wedge itself into the sector and make itself valuable to global trading partners.

Speaking at the International Mining and Resources Conference in Melbourne, Australia, in late October, David Grabau, senior investment specialist for resources and energy at Austrade, said that the Australian government has taken a “keen interest” in the rare earth elements supply chain and is already at an advantage as the country hosts the only producer outside of China globally.

‘There’s a whole lot of scope here, and in terms of Australia’s involvement in this subsector, what we’re focusing on is where we think we have some competitive advantage.”


gold outlook free report

Is gold a good hedge investment?

 

Get an in depth market report for free!

 

In his keynote address, titled “Focusing on the Exploration and Supply of Critical Minerals in Australia,” Grabau drilled down on the relationship between Australia and its trading partners and the need for a secure and stable rare earths supply chain, which he described as “choppy.”

He called it that because of the concentration of production in China and concerns about supply risks in the trade war environment, which the world has been in for over a year. Since his address, China has announced an increase in rare earths production to meet demand, potentially further tightening its control over the market.

“What we would like to see is more consistency in the market so that international financiers and equity investors might be able to play a larger role.”

On demand and supply, Grabau said, “(T)here is a high expectation for the development of electric vehicles, particularly in China — but we are seeing some concern creep into the market.

“Importantly for Australia, we have significant potential to play ourselves into the electric vehicle value chain,” he explained. “Beyond Lynas (ASX:LYC,OTC Pink:LYSCF) we have anywhere between four and six potential or near shovel-ready projects covering large parts of the country, spanning from Western Australia across New South Wales.”

Some companies with projects on the boil are Alkane Resources (ASX:ALK,OTCQX:ALKEF) in New South Wales, Arafura Resources (ASX:ARU,OTC Pink:ARAFF) in the Northern Territory and both Northern Minerals (ASX:NTU) and Hastings Technology Metals (ASX:HAS) in Western Australia.

“Australia has a number of projects in the pipeline, and we are confident that if we can start to get these projects producing and developed, that will then spur exploration interest and potential investment in this sector,” he commented.

On the trend of nations identifying certain minerals as “critical” wherein they are seen as vital to development but vulnerable to disruption, Grabau said that Australia is welcoming opportunities to cooperate with all its trading partners on securing the rare earths supply chain.


cannabis outlook free report

Keep up with major deals and investment opportunities in marijuana

 

Learn to profit from cannabis companies

 

“Secure and stable supply of rare earths at affordable prices … is becoming of increasing interest to a number of countries across the world,” he said, pointing to the US, the EU, Japan and India as examples.

Austrade and the Australian government have taken a particular interest in the US, though not in response to the trade war. Grabau stressed that the country is being singled out because it has unique investment opportunities.

“With regards to our interest in the US, what we realized was that the American supply chain is not something which America directly controls, and America is looking for potential security of supply both through minerals extraction, but also through the various processing stages, until you get to a finished product,” he explained.

Grabau said that in Austrade’s publication titled “Critical Minerals Supply Chain in the United States” (available in PDF form on Austrade’s website), it has identified 60 end-user companies that it thinks will possibly be markets for critical metals from Australia.

The US has indeed been casting around for more options in the rare earths supply chain: markets jittered earlier this year after Chinese President Xi Jinping visited a major rare earths-dependent factory alongside Vice Premier Liu He, who is China’s lead trade negotiator with the US.

The move was seen as signalling that China was considering throwing rare earths into the trade war. It previously throttled rare earths exports to Japan over a fisheries dispute, so negotiations with the US in the trade war are likely fair game.

Don’t forget to follow us @INN_Australia for real-time updates!

Securities Disclosure: I, Scott Tibballs, hold no direct investment interest in any company mentioned in this article.

Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.


gold outlook free report

Is gold a good hedge investment?

 

Get an in depth market report for free!

 

Share197Tweet123Share49
usiscc

usiscc

  • Trending
  • Comments
  • Latest

Global Strategic Sourcing Software Market 2017-2026| SAP Ariba, Coupa, Scout RFP, Zycus, Procurify – Galus Australis

April 16, 2020
Antonov An-225 Mriya: world’s largest cargo plane, history, details

Antonov An-225 Mriya: world’s largest cargo plane, history, details

April 15, 2020
3 keys to mitigating severe supply shortages from coronavirus disruption

3 keys to mitigating severe supply shortages from coronavirus disruption

March 18, 2020

Global Strategic Sourcing Software Market 2017-2026| SAP Ariba, Coupa, Scout RFP, Zycus, Procurify – Galus Australis

0
Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024 – ZMR News Reports

Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024 – ZMR News Reports

0
PHOTOS: Ottawa firefighters respond to warehouse fire

PHOTOS: Ottawa firefighters respond to warehouse fire

0

Global Strategic Sourcing Software Market 2017-2026| SAP Ariba, Coupa, Scout RFP, Zycus, Procurify – Galus Australis

April 16, 2020
Weakest link in supply chain threatens car industry revival

Weakest link in supply chain threatens car industry revival

April 16, 2020
New case reported at Lexington LEX2 warehouse

New case reported at Lexington LEX2 warehouse

April 15, 2020
  • Privacy Policy
  • Terms of Use
  • Disclaimer
  • DMCA
  • Contact Us

Copyright © 2020 usiscc.org.

No Result
View All Result
  • Supply Chain
  • Logistics
  • Warehousing
  • Procurement
  • Shipping
  • More
    • Strategic Sourcing
    • Spend Analysis
    • Inventory
    • Contact Us

Copyright © 2020 usiscc.org.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Cookie settingsACCEPT
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary Always Enabled

Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.

Non-necessary

Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.