https://thenightly.com.au/business/mining/coalition-doubles-down-on-production-tax-credit-attack-as-chinas-tianqi-pleads-for-a-taxpayer-handout--c-15061693
The 10 per cent tax break for processors of critical minerals, which includes lithium, was announced in the May Budget and is set to cost $7.1b over the next decade, and then another $10.6b until 2041.
Tianqi owns 26 per cent of the huge Greenbushes lithium mine, 250km south of Perth, which raked in $6.3b of profit for its owners in 2023. The Chinese giant therefore effectively received a $1.64b dividend windfall.
Great policy for the Chinese can we get the same in China please?
