Original article by Andrew Tillett, Matthew Cranston
The Australian Financial Review – Page: 1 & 4 : 25-Oct-23

The federal government initially allocated $2bn to its Critical Minerals Facility when it was announced earlier in 2023. However, this will be increased to $4bn as part of measures to be announced by Prime Minister Anthony Albanese during his official visit to the US. Albanese said critical minerals and rare earths are the ‘building blocks’ of a clean energy future, adding that Australia is committed to building sustainable and secure critical minerals supply chains with the US. The two nations aim to reduce global reliance on China for the processing of critical minerals such as lithium and cobalt.

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AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET