ustralia can improve the resilience of supply chains and add more value to our resources by processing and refining critical minerals. To realise this opportunity, the Government is investing:
- A ten per cent production tax credit totalling $7 billion over the decade for all 31 critical minerals to drive critical minerals processing in Australia. This will enable us to realise the full value of our natural resources and maximise benefits for our nation;
- $10.2 million for pre-feasibility studies to develop critical mineral common-user processing facilities to enhance Australia’s capacity to process critical minerals, sovereign capability and economic resilience
- $5.8 million for a critical minerals trade enhancement initiative.
- $1 million for a pilot educational program, to strengthen the capabilities of Australia’s critical minerals sector to detect, prevent and mitigate foreign interference. " M King MP14/5 policy statement
- See also Bidens overnight US tariff increase on Chinese cars and batteries . COB is now kicking with the wind in every quarter .
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