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22/06/2024
Mining News

Australia’s Critical Minerals Sector Flourishes with Increased Investments

The Federal Government has released the Australian Critical Minerals Prospectus, a document outlining over 50 investment ready critical minerals projects.

Projects include mining, processing and value adding opportunities across the critical minerals supply chain.

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Australia is on the cusp of a golden age in critical minerals development,” Federal Minister for Trade and Tourism Don Farrell said.

“We are actively engaging with international trade and investment partners to diversify our critical minerals supply chains and create new opportunities.

“This Prospectus showcases many game-changing Australian critical minerals opportunities for international investors.”

The prospectus supports the Federal Government’s transition to a net-zero economy, as the country’s critical minerals resources will play a vital role in the shift.

It showcases projects from the new Critical Minerals List, as well as Australia’s capability to meet the rising demand for critical minerals.

“Australia’s critical minerals are key to the world’s energy transformation,” Federal Minister for Resources Madeleine King said.

“But we need to attract investment to get these minerals out of the ground, to process them here, to build the batteries, wind turbines and solar panels required make the switch to a lower carbon economy.

“This prospectus will help attract the investment we need to build new industries, create jobs and reduce global emissions.”

 

Source: Australian Mining

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