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flag Australia plans $1.2B reserve for critical minerals to cut reliance on China, boost EV supplies.

flag Australian PM Anthony Albanese plans to create a strategic reserve for critical minerals like lithium, nickel, and cobalt, aiming to reduce reliance on China and ensure stable supplies. flag The $1.2 billion investment will support domestic processing and stockpiling, critical for industries including EVs and smartphones. flag This move comes as countries seek to diversify their mineral sources amid trade tensions.

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