disallowed/politics/federal/4b-for-mining-companies-to-produce-minerals-for-us-renewables-20231024-p5eeiy.html

$4b for mining companies to produce minerals for US renewables

ByDavid Crowe and Farrah Tomazin

October 24, 2023 — 10.30pm

Mining companies will gain an extra $2 billion to expand the production of critical minerals needed for renewable energy and high-tech devices under a federal plan to meet soaring demand for the components tightly controlled by China.

Prime Minister Anthony Albanese will double the finance available to key exporters from $2 billion to $4 billion in the hope of unlocking vast reserves of lithium, nickel and other essential elements for batteries and other renewable technologies.

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