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Australia’s lithium refinery shut down, highlighting China’s growing control over critical minerals needed for the green economy.
Australia’s Western Australian lithium refinery, operated by US company Albemarle, closed in February after four years, citing inability to compete with China’s low-cost production.
China’s over A$160 billion in overseas critical minerals and clean tech investments have strengthened its global dominance in supply chains for electric vehicles and renewable energy.
Experts say the closure reflects China’s strategic push to control key materials and manufacturing, raising concerns about Western nations’ ability to secure essential resources for the green economy.
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La refinería de litio de Australia cerró, destacando el creciente control de China sobre los minerales críticos necesarios para la economía verde.