Regulation Overlays and Economic Impact
The Australian Labor government, led by Albanese, has implemented regulations that hinder the mining and processing of critical minerals, despite deals involving rare earths.
The Labor Party has expressed strong disapproval of US Republicans, particularly Donald Trump, with Kevin Rudd describing him as a
‘traitor to the West’, ‘the most destructive president in history’, and a ‘village idiot’. Albanese has also been critical of Trump.
In contrast, former Liberal Treasurer Josh Frydenberg commented on Trump's behavior, stating:
‘He’s a drop kick... his comments are totally offensive... his comments about women … it’s beyond the pale for any politician’.
Following a White House meeting, the Australian government received widespread media approval and muted congratulations from the Opposition.
Author's summary: Regulation hinders Australia's critical minerals industry.
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