Original article by Jennifer Hewett
The Australian Financial Review – Page: 2 : 6-Sep-23

Lynas Rare Earths has received a $US258m ($404m) grant from the Biden administration to build a heavy rare earths refinery in Texas. It will be the first facility of its kind outside of China, and will process material from Lynas’s Mt Weld mine in Western Australia. However, although the federal government has allocated some funding to Australia’s burgeoning critical minerals industry, its strategy for the sector seems to be based primarily on local companies gaining access to funding from the US. Tesla chair Robyn Denholm has used a Minerals Week speech in Canberra to call for greater action to capitalise on Australia’s competitive advantage in the criticals minerals sector.

CORPORATES
LYNAS RARE EARTHS LIMITED – ASX LYC,TESLA INCORPORATED