Past failures haunt Quad’s US$20 billion critical minerals push
The Quad’s newly announced US$20 billion critical minerals framework aims to loosen China’s near-monopoly on the materials that power modern defence, technology and clean energy industries. But analysts say its success will depend on the ability of Australia, the United States, India and Japan – the Quadrilateral Security Dialogue’s four members – to move beyond policy declarations and deliver measurable outcomes. The initiative, announced after a meeting of Quad foreign mini
The Quad, comprising Australia, the United States, India, and Japan, has launched a new US$20 billion initiative focused on critical minerals. This framework is designed to reduce global reliance on China's dominant position in supplying these essential materials, which are vital for defense, technology, and clean energy sectors. Analysts suggest the initiative's effectiveness hinges on the member nations' capacity to translate policy intentions into concrete actions and tangible results.
This initiative matters because it seeks to secure supply chains for materials crucial to global technological advancement and energy transition, potentially reshaping geopolitical influence in resource-rich sectors.
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