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Home News

Driving investment into Aus critical minerals

by Staff Writer
September 5, 2024
in Critical minerals, Exploration, Investment, News, Projects, Reports, Spotlight
Reading Time: 3 mins read
A A
Small piles of rare earths and critical minerals. Image: Anastasiia/adobe.stock.com 

Extraction and Refinement of Precious Rare Earth Elements: A Pile-Up. Concept Rare Earth Elements, Extraction Methods, Refinement Techniques, Mineral Processing, Sustainable Practices

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The recently released digital Australian Critical Minerals Prospectus highlights more than 55 investment-ready critical minerals projects across Australia. 

The digital Prospectus features an interactive online map and aims to attract potential investors and buyers from around the world.  

This new online tool can be customised to navigate Australia’s rich and diverse mineral endowment and a range of available government support, including potential funding for Australian critical minerals projects. Australia has an abundance of the critical minerals needed to build essential components for things like electric vehicles, solar panels, hydrogen technology and batteries. 

Investment in Australia’s critical minerals and these technologies will help build a future made in Australia, powered by renewable energy and create more jobs for Australians. 

The Federal Government is also incentivising investment in critical minerals projects through a range of programs, including the $4 billion Critical Minerals Facility and the recently announced $7 billion Critical Minerals Production Tax Incentive. 

Federal Minister for Trade and Tourism, Don Farrell, said that Australia is ready and willing to meet the growing global demand for critical minerals. 

 “We welcome international investment in key projects across the country. Australia has all the critical minerals the world needs, and we need investment to get these projects up and running. 

“The new online Prospectus shines a spotlight on over 55 investor-ready projects which will attract the investment we need to build new industries, create more jobs, and become a renewable energy superpower.” 

Federal Minister for Resources, Madeleine King, said critical minerals are vital for global efforts to reduce emissions and are becoming increasingly important inputs for the defence industry. 

“Australia’s resources industry has been developed with foreign investment, and we need overseas investment to build our critical minerals industry. 

“This new online Australian Critical Minerals Prospectus will help drive investment into the sector.” 

Featured image: Anastasiia/adobe.stock.com 

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