This from Bloomberg Asia around the 2022 Budget delivered tonight
Resources
- The budget will include A$50.5 million over four years to establish a critical minerals research and development hub, according to the West Australian
- A$1 billion will be allocated to support value-adding resources projects and A$50 million will go to grants for early- and mid-stage critical minerals projects, the newspaper reported
- Key stocks to watch: Allkem Ltd., Iluka Resources Ltd., Arafura Resources Ltd.
Value-adding resource projects such as a startup NdPr miner planning to separate and refine to the oxide onsite.
Allkem is in the Lithium space.
Iluka has the Eneabba Rare Earth refinery planned for 2025 opening with funding already made available in the form of a $1.25 bn non-recourse Export Finance Australia loan of 16 years’ duration to construct and commission the refinery.
Will be watching this budget intensely tonight. Onward and upward.
This from Bloomberg Asia around the 2022 Budget delivered...
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