Timely announcement today about new critical minerals agreement with USA
The agreement paves the way for Australian suppliers of these minerals, and renewable energy, to be treated as domestic suppliers under the U.S. Defence Production Act, Australian Prime Minister Anthony Albanese said on Sunday.
That means Australian suppliers will be able to access energy subsidies as outlined in the landmark U.S. Inflation Reduction Act (IRA) legislation which has reinvigorated global renewable energy supply chains since it was set down in August.
This might increase the likelihood of subsidies for stage 2 SPG production facility in Aus and BAM & battery production here as well.
EGR Price at posting:
15.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)