Syria Establishes Sovereign Fund; Australia Advances in Critical Minerals Production
Syria has launched a sovereign fund with an allocation of CAD 25 billion to enhance national investments and decrease reliance on the U.S. Meanwhile, Australia, through Lynas, has initiated samarium production, positioning itself as the second-largest producer globally.
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Syria's new sovereign fund aims to invest in major national projects and reduce economic dependency on the United States, with an initial capital of CAD 25 billion. Concurrently, Australia is progressing in the critical minerals sector as Lynas begins samarium production, a key metal for magnet manufacturing, establishing the country as the second-largest producer after China. This dual development may enhance Syria's investment landscape while boosting Australia's strategic mineral capabilities, influencing global supply chains in critical sectors.
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