Federal government instead of supporting group of miners has...

Federal government instead of supporting group of miners has supported ASX.ILU primarily not to liking of others.

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Lynas Rare Earths boss Amanda Lacaze has questioned the way the federal government allocates taxpayer funds to critical minerals projects, saying she would rather see investment in infrastructure to support the success of multiple businesses.The federal government has tended to pick winners and losers in critical minerals by opting to finance some projects and companies ahead of others, most notably a $1 billion-plus non-recourse loan for Iluka Resources to build Australia’s first fully integrated rare earths refinery.Ms Lacaze said she was happy for Lynas, the world’s biggest non-China supplier of rare earths, to put its hand up for funding, but didn’t agree with the current approach.