RE: Automated Mineralogy Incubator17 Apr 2024 01:38
It appears Australia really are focussed on self-reliance for critical minerals with a $4b investment via the Critical Minerals Facility supporting projects in Western Australia, South Australia, the Northern Territory and Queensland.
Resources Minister Madeleine King said Australia’s critical minerals and rare earths were “key to building renewable technologies such as solar panels, batteries and wind farms, as well as defence and medical technologies”.
It was announced last week that plans for a Future Made in Australia Act, which would be a series of loans, grants, subsidies, tax breaks and other investment incentives to lure capital to Australia, or stop it from leaving, to bolster clean energy and advanced manufacturing.
The critical-minerals strategy is a key element of the act, and it includes a national security element in that Australia and its allies need to ease dependence on China for supply.
https://amp.abc.net.au/article/103732110
Australias critical Minerals List:
https://www.industry.gov.au/sites/default/files/2023-06/critical-minerals-strategy-2023-2030.pdf
Given we now have a direct link with the CSIRO it’s conceivable to think that over the next 18 months we may well also be the recipients of direct support ( maybe the processing plant?). Who knows but it’s a strong vote of confidence for the mining industry.
ML