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Critical minerals, and the subsets of lithium and rare earths in particular, are becoming an increasingly large and crucial part of the global economy and the renewable energy transition, with its heavy reliance on wind turbines, EVs, and batteries.
The Albanese Government is accelerating the growth in value-adding Australia’s critical minerals industry with the new National Critical Minerals Strategy announced on 21 October 2022, establishing a clear vision to unlock Australia’s critical minerals and renewable energy potential with government investment.
As we discussed, we are also seeing an upsurge in public funding by Australia’s allies to accelerate private capital investments in clean energy investment and diversify supply chains.