Australia Mulls Price Floor for Rare Earths to Back Critical Minerals Sector

Australia has given millions to two faltering but nationally strategic smelters to boost critical minerals like antimony and bismuth.

A Lynas Corp worker walks past sacks of rare earth concentrate waiting to be shipped to Malaysia, at Mount Weld, northeast of Perth, Australia, on Aug. 23, 2019. Melanie Burton/Reuters

Australia is considering setting a price floor to support critical minerals projects, including rare earths.

Australia has been positioning itself as an alternative source of critical minerals to dominant producer China.