Enjoy.From 21.10.22
"The Albanese government will subsidise mining projects for critical minerals like lithium in a bid to accelerate green industries like the batteries used in electric vehicles.A “critical minerals strategy” in consultation with mining companies and traditional owners, was announced by Prime Minister Anthony Albanese and Resources Minister Madeleine King in a press release on Thursday night.
About $1 billion from the National Reconstruction Fund will be allocated to the new ‘Value Adding in Resources Fund’.
It will work alongside the existing $2 billion Critical Minerals Facility.
Additionally, $50.5 million will be allocated in next week’s budget over four years to establish a critical mineral research and development hub".
‘Clean energy future’
The government pointed to research indicating that the value of lithium exports in Australia is forecast to rise 10-fold over the next two years.
A local battery manufacturing industry tied to lithium mines could add $7.4 billion to the economy each year by 2030, including 34,700 jobs, the government said".
https://thenewdaily.com.au/finance/finance-news/2022/10/20/critical-minerals-albanese/?utm_source=Adestra&utm_medium=email&utm_campaign=Morning%20News%20-%2020221021
General Discussion, page-1166
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