However, The Financial Review posts this:Prime Minister Scott...

However, The Financial Review posts this:

Prime Minister Scott Morrison will press business and industry to help lift efforts to develop as quickly as possible a domestic critical minerals processing capacity amid fears China is too dominant. While Australia is already a fast-growing global supplier of the rare earth and other critical minerals needed for a vast array of technologies from fighter jets to electric vehicles and iPhones, it’s only capturing a small share of the overall potential benefit because it doesn’t process those materials. Scott Morrison wants Australia to be both a resources giant and a processor of rare earths. Photo by Edwina Pickles

On Thursday Mr Morrison will release a 10-year “road map” to create more processing capacity as well as opening the door to applications for a $1.3 billion fund to help manufacturers ramp up production, and commercialize products for global supply chains. “The government will be looking at opportunities to not only collaborate with industry and to make strategic investments, but also for industry players and businesses to work together to invest in strategic projects that will boost Australia’s manufacturing capabilities and expertise in the resources sector,” the government says in the report.

Note, however, this was published: Mar 3, 2021 – 10.30pm