The Labor government is buttressing Australia’s policy to build out a critical minerals processing supply chain. mining rareearths
Top lithium supplier Australia is set to become more selective about who it lets invest in its growing critical minerals industry, Treasurer Jim Chalmers said on Friday.
“But as investment interest grows, and as the sources of that investment interest grow, we’ll need to be more assertive about encouraging investment that clearly aligns with our national interest in the longer term.” Federal investment has already flowed into Iluka Resources’ rare earths processing plant in central Australia. A further A$1 billion is available to “value adding” in resources as part of its National Reconstruction Fund which is also linked to a A$2 billion Critical Minerals Facility.
“To put it as simply as I can – our international friends need to rely on someone, so let’s have them relying on us,” he said.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Federal agents arrest suspect in deadly shooting at Cleveland convenience storeCharlie Wright, 44, is accused of killing Michael Gunn, 60, and wounding two others in the shooting on Oct. 26 at a USA Food Mart in Cleveland's Glenville neighborhood.
Read more »
Texas fire departments ask for federal help with ambulance shortageFire departments across Texas are having to wait longer than usual to update their ambulance fleets, which is driving up costs and forcing many of them to use outdated vehicles to keep up with calls.
Read more »
Disability Groups File Federal Lawsuit Against D.C. Over Protected Bike LanesLocal disability groups are suing the District in federal court over its protected bike lane designs, which they say violate accessibility laws.
Read more »
Federal judge issues rare order for new trial in Anchorage murder convictionA 37-year-old Anchorage man convicted on federal homicide charges this year will get a new trial after a judge ruled that evidence presented against him actually pointed toward his innocence
Read more »
Federal jury indicts man accused of repeatedly stalking, harassing Indianapolis coupleProsecutors allege the man told the female victim told that she should have died in 9/11, should eat poison and should 'go to hell.' It all started because she rejected his romantic advances about 20 years ago.
Read more »
In praise of a divided federal governmentWith Republicans gaining control of the House of Representatives, the federal government again will be “gridlocked,” as critics call it.
Read more »