Australia Funds Tungsten Mine, While Slowly Prying Beijing’s Grip on Global Supply

Australia Funds Tungsten Mine, While Slowly Prying Beijing’s Grip on Global Supply
Bulldozer scoop soil containing various rare earth to be loaded on to a ship at a port in Lianyungang, east China's Jiangsu Province on Sept. 5, 2010, for export to Japan. STR/AFP/Getty Images
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Australia has taken another step forward to loosening Beijing’s grip on the world’s critical mineral supply chains.

The Tasmanian state government is offering a $10 million loan to the long-dormant Dolphin Tungsten mine on the remote King Island located in Australia’s Bass Strait.

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