..production tax credit irrelevant to SC6 (Spod).
Wesfarmers is building Australia’s third lithium hydroxide refinery and is set to become one of the big winners from tax credits expected to total $17.6 billion over 14 years and apply to any of the 31 minerals the government considers “critical”.
The tax credits will apply to lithium hydroxide production, but not to miners who stop at producing spodumene concentrate onshore.
The policy is aimed at encouraging the likes of Pilbara Minerals, Chris Ellison’s Mineral Resources and the Gina Rinehart-backed Liontown Resources to move production further downstream in Australia.
..production tax credit irrelevant to SC6 (Spod). Wesfarmers is...
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