Govt funding support for rare earth minerals strategy
The Australian government has announced funding for rare earth minerals strategy to reduce sovereign risk and enhance local supply and capability.
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The Australian government has announced funding for rare earth minerals strategy to reduce sovereign risk and enhance local supply and capability.
The federal government has approved nearly A$50-million in a second round of grants to accelerate the development of 13 critical minerals projects, which Resources Minister Madeleine King said would help to diversify supply chains, build domestic downstream processing and support new jobs and regional development. King said the projects would speed up development of Australia’s critical minerals sector and help Australia and export partners lower emissions and meet net-zero commitments by 2050.
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