The Quad's new US$20 billion critical minerals initiative aims to reduce China's monopoly but faces challenges in delivering measurable outcomes beyond policy declarations.

The Quad’s newly announced US$20 billion critical minerals framework aims to loosen China’s near-monopoly on the materials that power modern defence, technology and clean energy industries. But analysts say its success will depend on the ability of Australia, the United States, India and Japan – the Quadrilateral Security Dialogue’s four members – to move beyond policy declarations and deliver measurable outcomes. The initiative, announced after a meeting of Quad foreign ministers on May 27, has...