Labor is also enjoying throwing around the term ‘domestic reserve’ which is basically Labor saying Australia won’t export all of the critical minerals and rare earths and will reserve some for domestic uses/bargaining chips (who knows what is going to happen in this hellscape of a timeline).

Mark Butler says:

This will be a reserve that is underpinned by $1.2 billion of investment from the Australian Government. We are putting production tax credits on the table already that will reward investors. Resource companies that invest in these projects when they’re producing, so ensuring taxpayers get value for money for that investment. We think those two things combined will place Australia in a very good position to be one of the leading suppliers of these critical minerals.