Part 11/20:
Meanwhile, Australia is emerging as a significant resource and processing hub. A new plant by Linus, operational since 2024, exemplifies efforts to scale up production. The U.S. and Australia have committed to joint investments totaling $3 billion over six months to develop critical mineral projects, aiming to generate over $50 billion worth of rare earths soon. Despite these advancements, industry experts note that successful diversification also hinges heavily on establishing domestic refining capacity—something China currently controls and dominates.