CRITICAL MINERALS STRATEGY:
* Resources Minister Madeleine King releases a blueprint for crucial minerals as rival economies chase market share
* Federal help for manufacturing and processing will get extra worth overseas’s sources, and create extra jobs
* Build a sovereign functionality to help manufacturing, together with Australian-made batteries for the world’s electrical automobiles
* Develop a trusted, high-integrity provide chain for superior economies that presently depend on China for factory-ready provides
* Framework for concentrating on precedence applied sciences when allocating funding from federal funds and applications
* Sustainability and environmental credentials are essential as producers and shoppers scrutinise the place items come from
* Under the plan, crucial minerals and uncommon earths are central to creating Australia a renewable power superpower
* No new funding, and an up to date record of crucial minerals nonetheless pending
REACTION:
* Minerals Council of Australia says “significant work remains to be done” on an built-in business coverage for mining, processing and manufacturing
* Recharge Industries CEO Rob Fitzpatrick says the business framework is a “lighthouse document” for world crucial minerals coverage
* Opposition sources spokeswoman Senator Susan McDonald says the technique gives no readability and no route to the business
* Industry teams name for nickel, copper, zinc, potash, phosphate, aluminium, alumina and bauxite to be added to the crucial minerals record to ship a transparent message to buyers
* “The world needs Australia to develop its critical minerals so that we can decarbonise,” Association of Mining and Exploration Companies CEO Warren Pearce says
* Chamber of Commerce and Industry WA (CCIWA) says industrial relations and dashing up approvals are key to funding attraction
* CCIWA says the proposed “identical job, identical pay” coverage poses a real danger to the sources sector
Source: www.perthnow.com.au
