Past failures haunt Quad’s US$20 billion critical minerals push

The Quad, comprising Australia, the United States, India, and Japan, has launched a US$20 billion critical minerals framework. Announced on May 27 following a meeting of Quad foreign ministers, this initiative aims to reduce China's significant control over the supply chains for materials essential to defense, technology, and clean energy. Analysts, however, caution that the framework's success hinges on the Quad members' capacity to translate policy pronouncements into tangible results. The initiative is seen as a strategic response to China's current dominance in global critical mineral markets.