Tag: Critical Minerals Strategy Report

THE opening of The Critical Minerals Facilitation Office, announced by Resources and Northern Australia Minister Matt Canavan last week, aims to untap Australia’s rich resource of critical mineral deposits. The new facility will be led by Jessica Robinson, a former senior official in Treasury and Prime Minister and Cabinet. The Office bases its strategy targets actions in three areas: to promote investment in Australia’s critical minerals sector and downstream processing; provide incentives for innovation to lower costs and increase competitiveness; and connect critical minerals projects with infrastructure development. This will be achieved by coordinating and connecting government, industry and the research sector. Ms Robinson said her mission is to work with the sector to develop a clear, shared vision for...

THE Australian Government has released a Critical Minerals Strategy Report, exposing huge holes in the supply chain as tensions between Beijing and Washington heat up. The 17 elements that make up the rare earths are vital to high-tech appliances for both domestic and military use, and the heavy rare earths are the fundamental component in the powerful magnets used in electric vehicle motors. The report highlights Australia’s status as the world’s second largest producer of rare earths, and therefore perfectly positioned to supply the US with the high-tech elements, particularly the heavy rare earths that China has traditionally dominated. Resources and Northern Australia Minister Matt Canavan said that the Critical Minerals Strategy would prepare Australia to become the alternative to...