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Is Australia poised to become a critical minerals superpower?
The meeting between Australian Prime Minister Anthony Albanese and US President Donald Trump to be held in Washington on Monday is shaping up to be pivotal to the future of the Australian mining industry. A key issue in the talks will be the role Australia can play in helping the US secure a supply chain for critical minerals, which has emerged as a significant policy strategy for the US. The US Government has actively pushed to better develop its critical minerals supply chain, including better access to a broad range of rare earths. So where does this place the Australian mining industry? Australian companies have ... (full story)
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From news.sky.com | Oct 16, 2025
Britain's hopes of becoming a critical minerals superpower have been dealt a severe blow after one of its leading companies abandoned its plans to build a rare earths refinery near Hull. Pensana had pledged to build a £250m refinery on the banks of the Humber, to process rare earths that would have then been used to make magnets for electric cars and wind ...
From abc.net.au | Oct 16, 2025
The United States has an appetite to strike critical minerals deals with Australia, but without involving China in the supply chain, a policy expert has said. Hayley Channer from the US Studies Centre (USSC) has described a formal meeting between Prime Minister Anthony Albanese and US President Donald Trump in Washington, DC, next week as "critical". Ms ...
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Statement from U.S. Secretary of the Treasury Scott Bessent for the World Bank Development Committee and IMF International Monetary and Financial Comm As we convene for this year’s Annual Meetings, the United States looks forward to working closely with partners around the world to confront today’s global economic challenges and secure a future underpinned by growth and stability. Achieving success will require collaboration with international financial institutions that are highly effective, efficient, and accountable in implementing their core mandates. The International Monetary Fund (IMF) and the World Bank can support America’s efforts to secure a more balanced, prosperous, and stable global economy through a return to their core missions and disciplined deployment of their resources. We have seen some progress towards these goals since the Spring Meetings. The IMF is folding its climate and gender units into one that is focused on macro-financial and structural policies, and management has eliminated extraneous, non-core issues from its Board Work Program. The World Bank has moved in the direction of an all-of-the-above approach to energy by removing its prohibition on the financing of nuclear power generation. And, the Bank has increased the weight given to quality in procurement decision making and boosted outreach to industry, both of which stand to improve the efficiency and effectiveness of its financing. Nonetheless, the IMF and World Bank must take more concerted steps to focus on their respective core missions and deliver greater impact to the countries they support and greater value to taxpayers from the United States and other shareholders. Here in the United States, we have been implementing President Trump’s America First economic agenda of tax cuts, energy abundance, and regulatory modernization. They are interlocking parts of an engine designed to drive economic growth and domestic manufacturing: tax cuts raise real incomes for families and businesses; an affordable, reliable, and secure energy supply drives down the cost of doing business; and regulatory modernization complements both by making it easier to invest in and grow new businesses. This includes passing landmark tax legislation in July to unleash the full potential of the U.S. economy, to protect American workers and families, and to save taxpayer dollars by cutting waste, fraud, and abuse. Thanks to actions taken by the Trump Administration, businesses are investing in America again. A revitalized private sector will propel econom
Statement from U.S. Secretary of the Treasury Scott Bessent for the World Bank Development Committee and IMF International Monetary and Financial Comm As we convene for this year’s Annual Meetings, the United States looks forward to working closely with partners around the world to confront today’s global economic challenges and secure a future underpinned by growth and stability. Achieving success will require collaboration with international financial institutions that are highly effective, efficient, and accountable in implementing their core mandates. The International Monetary Fund (IMF) and the World Bank can support America’s efforts to secure a more balanced, prosperous, and stable global economy through a return to their core missions and disciplined deployment of their resources. We have seen some progress towards these goals since the Spring Meetings. The IMF is folding its climate and gender units into one that is focused on macro-financial and structural policies, and management has eliminated extraneous, non-core issues from its Board Work Program. The World Bank has moved in the direction of an all-of-the-above approach to energy by removing its prohibition on the financing of nuclear power generation. And, the Bank has increased the weight given to quality in procurement decision making and boosted outreach to industry, both of which stand to improve the efficiency and effectiveness of its financing. Nonetheless, the IMF and World Bank must take more concerted steps to focus on their respective core missions and deliver greater impact to the countries they support and greater value to taxpayers from the United States and other shareholders. Here in the United States, we have been implementing President Trump’s America First economic agenda of tax cuts, energy abundance, and regulatory modernization. They are interlocking parts of an engine designed to drive economic growth and domestic manufacturing: tax cuts raise real incomes for families and businesses; an affordable, reliable, and secure energy supply drives down the cost of doing business; and regulatory modernization complements both by making it easier to invest in and grow new businesses. This includes passing landmark tax legislation in July to unleash the full potential of the U.S. economy, to protect American workers and families, and to save taxpayer dollars by cutting waste, fraud, and abuse. Thanks to actions taken by the Trump Administration, businesses are investing in America again. A revitalized private sector will propel econom
