Great news today for the whole critical minerals industry in Australia with the announcement of funding for early to mid-stage critical minerals projects. The fact that our government policies are now coming to fruition and are being implement is wonderful.
Source: Madeleine King MPThe goal is to use Australia's enormous resource riches to rebuild new, diverse supply chains that are essential to the global shift to renewable energy. As a result of the need for diversity (so that we can share the load with China), there will be numerous winners nation wide.
The world sees Australia's supportive policies as a good investment opportunity that other developed nations lack. For example, why does the United States finance SYR but not the government of Mozambique? This is due to the fact that, like the majority of African countries, they lack judicial systems, are impoverished, prone to corruption, or lack the "independent" infrastructure (rail and ports) required to sustain projects in the short, medium and long term:
News today of Mozambique’s deadly protests - how the country got here!
RNU is at an advanced (first-mover-advantage) stage, so this announcement makes Australia stand out. Making sure that international businesses know, that we are a safe place to do business and our door is open. I suspect a number of policy announcements to come over the coming months.
For a truely diversified supply chain, it must involve a safe jurisdiction like Australia.
AIMO, DYOR GLTA(patient)H
