Australia Opens Doors for Government-Funded Copper and Nickel Projects

According to foreign reports on December 18th, Australia has opened the door for government-funded copper and nickel projects, categorizing them as crucial materials for global energy transition but not yet facing supply chain disruptions.

Strategic materials will be eligible for around $40 billion in government funding from institutions such as Export Finance Australia, the Northern Australia Infrastructure Facility, the Clean Energy Finance Corporation, the Resource Upgrading Stream, and the National Reconstruction Fund.

The new strategic materials list is separate from the country’s critical minerals list, including copper, nickel, aluminum, phosphorus, tin, and zinc, all with well-established industries, global market depth, price transparency, and stable supply chains.

Minister for Resources Madeleine King stated in a Saturday announcement, “These minerals are critical to our economic greening, Australia, and its allies’ defense.”

Australia has implemented a range of policies to support the production of critical minerals that are susceptible to supply chain disruptions, which became a concern during the COVID-19 pandemic. Australia’s government added fluorine, molybdenum, arsenic, and selenium to its critical minerals list, totaling 30 minerals used in defense and technology sectors.

[Source – 上海有色网] 澳大利亚已为政府资助铜和镍项目打开了大门

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