Minister for Resources and Northern Australia Madeleine 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
Grants to invigorate Australian critical minerals projects. (Credit: Bruna Fiscuk on Unsplash)
The Australian Government has approved close to $50 million in grants to accelerate the development of critical minerals projects which will help diversify supply chains, build domestic downstream processing and support new jobs and regional development.
Minister for Resources and Northern Australia Madeleine 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.
“The successful projects will create jobs and opportunities across regional Australia and help Australia realise its ambitions to be a clean-energy superpower,” Minister King said.
“The 13 projects to receive funding under the Critical Minerals Development Program grants include plans to produce key inputs to lithium-ion batteries for electric vehicles, and to support supply chains for advanced manufacturing for aerospace, medical, energy and defence applications.
“The grants will support Australia’s new Critical Minerals Strategy, to be released shortly and which will outline how Australia can capture the significant opportunity of growing its critical minerals processing sector.
“Australia has remarkable potential to meet the increasing global demand for the critical minerals needed for clean energy technologies, such as electric vehicles and batteries, as the world moves to decarbonise.”
Source: Company Press Release