Grants to invigorate Australian critical minerals projects

Country / jurisdiction: Australia · Year: 2023 · Status: In force · Level: National · Type: Voluntary

The Australian Government has approved nearly $50 million in grants to expedite critical minerals projects, fostering supply chain diversification, domestic processing and job creation. Minister for Resources and Northern Australia, Madeleine King, highlighted the projects' role in advancing Australia's critical minerals sector, aiding in emissions reduction and achieving net-zero commitments by 2050. The funded projects, part of the Critical Minerals Development Program, encompass initiatives for lithium-ion battery inputs and support for supply chains in aerospace, medical, energy and defence manufacturing. These grants align with Australia's forthcoming Critical Minerals Strategy, aiming to bolster the country's critical minerals processing sector and capitalize on global demand for clean energy technologies like electric vehicles and batteries.

Official source: https://www.minister.industry.gov.au/ministers/king/media-releases/grants-invigorate-australian-critical-minerals-projects