Former treasurer Josh Frydenberg says being “loyal to a fault” to Scott Morrison was rewarded with betrayal, and Jim Chalmers says Australia must beat China in the race for lithium mining supremacy.
BUILDING A PORTFOLIO
Former treasurer Josh Friedenberg says he doesn’t know if his Lodge roommate Shot Morrison once said “sorry” for secretly sworn himself into the treasury, the SMH reports. Frydenberg called the then-prime minister’s move an “extreme overreach,” which incidentally comes on the day when the independent inquiry is set to release its report on the multi-wallet scandal. The former treasurer told Niki Savva he had been Morrison “loyal to a fault” and was rewarded with a betrayal of his trust. Moreover, there was no reason for Morrison to do so, Frydenberg continues, as news.com.au reports. “The fact that he took it and it wasn’t made transparent to me and others was wrong and very disappointing.” Really hurt feelings or don’t want to go down with the ship while Frydenberg pursues a post-political career in the private sector, as ABC reports? Probably both.
Former Supreme Court Justice Virginia Clock will present the findings of its three-month investigation to the Prime Minister Anthony Albanian today – it will likely include recommending legislative changes to prevent this from happening again. “This” is a prime minister who secretly appoints himself to the portfolios of health, finance, industry and resources, home affairs and treasury without telling any ministers (then health minister Greg Hunt knew). Interestingly, however, Morrison refused to be involved in the secret ministries’ investigation, The Australian ($) says. He wasn’t forced to, but you’d think as a former leader he’d be forthcoming. The only involvement he had was through his (taxpayer funded) lawyers.
MINE OR THEIRS
We must beat China in the race to become a crucial mineral powerhouse, treasurer Jim Chalmers says, or Beijing will control technology supply chains in the future. China is now a world leader in lithium, producing three-quarters of all lithium-ion batteries (as well as half of the world’s electric cars). The Australian ($) reports. But we are the world’s largest producer of the mineral (with 55% of the global supply) and our Greenbushes lithium mine in WA is the world’s largest, the BBC says. Lithium is a critical part of battery technology, so you can imagine the exponential growth trajectory. Concentration is “particularly vulnerable to disruption,” Chalmers cautiously declared – for example, if China were to invade Taiwan (BBC has a great explanation for why) and we were roped into the conflict by the US. But is lithium mining really different from other species?
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