Current conditions in lithium markets highlight the importance of policy support for Australia's critical minerals sector to help address distortions in global markets and secure opportunities for Australia to be a key supplier of high quality refined critical minerals.The decision underlines the need to provide significant support to our critical minerals sector. In the May Budget, as part of the Future Made in Australia agenda, the Government delivered a Critical Minerals Production Tax Incentive, valued at $17.6 billion over 14 years, to drive more processing and value-adding of critical minerals onshore in Australia. Minister for Resources Madeleine King has called for bipartisan support for Australian critical minerals and rare earths industry, including calling on the Opposition to back production tax credits to support local industry and local jobs. per KING MP
Closure of Lithium WA processing by Albermarle will leave Labor choking for good news in the WA . COB proposed plant will be perfect to take up the slack but the time is now.
COB Price at posting:
7.5¢ Sentiment: Hold Disclosure: Held
