Australia brimming with Critical Minerals investment opportunities | Ministers for the Department of Industry, Science and Resources

Australia brimming with Critical Minerals investment opportunities

29 January 2024

Joint media release with Trade and Tourism Minister, Senator the Hon Don Farrell

Today we are releasing the Australian Critical Minerals Prospectus which showcases 52 high-quality, investment ready critical minerals projects.

Projects ripe for funding include mining, processing and value adding opportunities across the critical minerals supply chain, all of which would see more jobs for Australians.

The Albanese Government is committed to transitioning to a net-zero economy, and Australia’s critical mineral resources will be vital in the global shift to green technology such as solar panels, electric vehicles, and wind turbines.

The latest Prospectus showcases projects from the new Critical Minerals List as well as Australia’s capability to meet rising global demand in critical minerals while building supply chain security.

Independent research has found that Australia continues to be the most attractive region globally for mining investment, with its secure economy, backed by strong exports, services, and a stable regulatory environment.

The Australian Government is actively supporting investment in critical minerals projects, including through the recently expanded $4 billion Critical Minerals Facility.

More information about the Prospectus, including updated figures of Australia’s critical mineral resources, and information on new developments in the market is here: Critical Minerals Prospectus: Australia's Opportunity to Lead the World

Quotes attributable to the Minister for Trade and Tourism, Don Farrell:

“Australia is on the cusp of a golden age in critical minerals development. 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. We have an abundance of minerals with a strong regulatory environment, and a range of free trade agreements with countries in need of our resources.

“More international investment in critical minerals means more jobs, including value-adding jobs for Australian workers on these projects.”

Quotes attributable to the Minister for Resources, Madeleine King:

“The road to net zero runs through Australia’s resources sector.

“Australia’s critical minerals are key to the world’s energy transformation.

“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.”