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A growing number of high-profile companies, including the industry super fund-owned IFM Investors, are pulling out of Canberra’s net zero carbon emissions scheme.

Meanwhile, Resources Minister Madeleine King says China’s action in moving to cut off the supply of rare earths and permanent magnets to the Western world underlines the need for Australia to create a strategic reserve of critical minerals.

And the housing industry has warned that policies unveiled by the government and Coalition are unlikely to make a dent in the affordability crisis unless there are further reforms to remove blockages to building and investing in new stock.