With President Trump’s tariff war looming over the Australian election, the next government in Canberra could use critical minerals as a potential bargaining chip to negotiate exemptions from additional levies. Ian Satchwell of the University of Queensland Sustainable Minerals Institute talks about the importance of balancing ties with the US and Australia’s biggest export market, China.
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China had to react with export of refined rare earth minerals. This was in response to USA imposing tariffs on China and banning of semi conductors to China
What a piece of racist propaganda. The professor will not mention why China is withholding exports. He seems to think that China should just take USA attacks and suppression lying down and not retaliate. Oh well! Typical White Australian policy supporting racist. To be expected.
Perfect illustration of CAPITALISM giving up -via price out. Australia & USA & CANADA did the cost effective route. China or India or Penquins, end up with the value added …jobs and technology to translate PRODUCT into metals.
Thanks to MILTON FRIEDMAN for FREE TRADE…..ya, and KRUGMAN.
…we are stupid …sirs
India's dream of becoming the next manufacturer of the world will have to be postponed again,😅 now that Trump wants to bring back manufacturing back to America because of the Indian aggression on the Canadian/American people. Remember "Hardeep Singh Nijjar" in Canada and a "Nikhil Gupta" in USA?
Europe has the technology, just not the capacity yet to refine rare earths. Maybe Australia can make a deal with us in that area? We could protect the Suez Canal / Red Sea together, which would please the US ^^ and bobs your uncle .
This is stupid America has no shortage of these minerals, it’s the refinement and processing they don’t have, just spend ur billions and build ur refinement processing plants problem solved, just don’t expect to make money from these plants though cause ur competeting with China and u can’t process it cheaper then China but at least u don’t have to rely on China to process ur minerals
美国每年赚澳大利亚170多亿美元,澳大利亚每年赚中国700多亿美元,中国是不是应该按照特朗普的方式对澳大利亚征税
No, the Aussies are in for a good ride. Their resources are in high demand in the US and others of the Free World. They won't go down with the murderous CCP.
America is going to accuse Australia of stealing through mineral trade
Doesn't matter shortly, Steven Hawkins was WAY OFF on his prediction of when the WORLD WILL END at the rate we are raping the planet for recourses, especially OIL⛈️🌊❄️🌪️🌡️📈🔥🌋💥🚷
One Australian company can produce from mine to metals. And has already done this. So Australia is not dependent on China. Something wrong with your' expert's claims.
If Australia is serious about refining critical minerals then net zero has to be dropped. It is either cheap energy or no critical minerals industry.
Australians better of with America china have no good intentions already has a run way and small base in Western Australia been taking resources without tax
Bla Bla Bla…. From an Australian amateur Ecomomist.
If Australia is really smart, we will 'two-time' the US 'fiat' Reserve 'eurodollar' system, and we will have an affair with our OWN regional financial partners for a change. Let's distance ourselves from US arrogance and stupidity. Let's embrace, economically, China, BRICS, Indonesia, ASEAN, The EU, and Canada and Korea and Japan and others, little by little, using a new, gold and silver backed $HK parallel Reserve system. To keep from rocking the boat too much, The Hong Kong Dollar keeps it's peg to the USD. China has about half the world's gold, you see. Australia and Canada are top gold producing nations. We stop exporting gold. Gold is real money, savings, even a Tier 1 Asset at the Fed!
A river of world money will gently flow to where it is best treated. Away from the greedy spoilt Americans, towards real money and a giant new trading market. America is the nation to be afraid of now, and they need our US bases for their military dreams. I am definitely less afraid of hard-working China with their 6000 years of culture. And gold collecting
hard to comment when YT deletes and censors any comment that isn't pro CCP
China doesn't trade, it exploits
It cheats, it lies, it steals and it destabilizes
they consistently rip off everyone they deal with and break agreements like a meth addict who borrows money.
on paper it might look good, but in reality – its been proven over and over and over- they cannot be trusted and do not have equity in mind.
YT will probably censor this comment anyway
just don't be naive.
Raise the prices & deal with both of them
Australia first , simple
Australian alegarhs getting all the money .
For normal taxpayers you get a bill to support road and infrastructure. 😂😂😂
What a joke Australia is the 8th richest country in mineral resources on the planet yet has a 1billion debt and can't afford healthcare for its 27 million population. Australia doesn't own anything
Australian government should always remember that Australia is nobody in world politics colony of British before colony of America now, tragedy is that politicians lying about this fact pretending and posturing
The problem is, that around half of the Australian electorate have watched the movie Avatar, and are now convinced that mining companies are the devil incarnate, who oppress the poor indigenous in order to rape the great God Gaia of the earth's treasures.
Australia used to smelt copper, iron, and lead so why are we just digging dirt and sending it elsewhere. We used to refine our own oil as well so – what happened? A few very rich mining barons are making too much money for doing very little but I would have thought giving thousands of people jobs would help the economy a lot more.
As usual USA will F Australia including itself and send rare minerals elsewhere.
Australia should be with China, the US is in decline
After Covid, we should not be doing business with China. They hit Australia with penalties for wanting an investigation into the origins of Covid 19. China owes Australia massive compensation for their actions and Australia's colossal debt resulting from those actions. What happened to diversifying and bringing manufacturing back to Australia? Useless leaders.
Two Chinese Nationals were caught 2 days ago sneaking around a Rare Earth's mine in the middle of the outback. They had used a GPS to find the mine.
Not really , we will just sell to China , they are a good trade partner saved us from the 2008 GFC , plus they won't tarriff us unlike our 'ally' the US
I am sick to death of hearing about Chinese manipulation, get your facts strait , I would rather trust China any day!
Trouble is in Australia the approval for new mines is long and drawn out unnecessarily so
yep and rather than do anything for ourselves with it we'll happily let other nations treat us just like nauru
Made in Australia: ANOTHER HOLE
i got about 0:00 far into the video and i can see all these smiling faces….. huh life must be good for that lot, funny that isnt it, everyone on tb is smiling and happy, everyone out on the street is frowning and upset, really goes to show who australia treats well, and its not the hard workers
We got China to process all these materials why? because the processes are extremely polluting. We exported our pollution to China.
Build the upper levels of production here in Australia. Then critical minerals (rare earths, for example) go from the earth to finished products which then go to domestic and/or international markets.
We export quality to China and they export RUBBISH to us.
Australia could form a military alliance with North Korea, Russia and China. The United States has become a little too famous for shitting on its allies and Trump has taken this to a whole new level. The USA would likely donate Western Australia to a foreign power and demand a minerals deal in return for the favour. Remember when Poland was donated to Stalin.
Robotics have the potential to mitigate Australia's high labour costs.
Dump
China.
Australia should join brics
Try using AI to design an automated extraction process.
Let us kept our maker with china, we need to process our as well -/ we can have both
Now Western have weak up but everything went too late.
Why do I always hear typing noise when the guests are speaking? Can you not mute the host's mic when they're not speaking?
China is our friend now after Trumps tariff madness on us.