The future made in Australia act, starting to shape up as a game changer for ARU!
The act, which is Australia’s response to America’s Inflation Reduction Act, will consist of government grants, loans and equity stakes to help kick-start new industries in green technology and advanced manufacturing. Todays AFR
https://www.copyright link/politics/federal/chalmers-locks-in-business-tax-breaks-to-help-made-in-australia-20240508-p5girr
The other significant paragraph;
Mr Albanese was in Queensland on Monday and Tuesday and in Perth on Wednesday, where he announced $566 million to geomap the country looking for new critical minerals and rare earth deposits to feed into the new industries Labor is trying to establish.
Interesting…
Couple this with the news of Cadoux taking the 50% stake in the minhub today, that requires ARU involvement.
Arafura Rare Earths Ltd, page-536
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