Mandala Partners：2025年关键矿产战略储备设计报告（英文版）

This paper sets out an industryinformed perspective on how to implement the Government’s announced Critical Minerals Strategic Reserve. Our recommended model, the Rare Earths Production Scheme (REPS), leverages a Contract for Difference (CfD) with a price collar to support rare earths projects in Australia, while minimising risks to taxpayers and aligning with the Government’s policy objectives.