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[Ferro-Alloys.com] 

Australia boosts critical minerals fund by over $1 billion to attract international investors

The Australian government will double the amount of money on offer to support critical minerals projects, aiming to attract American miners and processing companies to establish operations in Australia.

The A$2 billion ($1.3 billion) boost will increase the capacity of Australia’s Critical Minerals Facility to finance mining and processing projects for materials.

“We’re in a strong position, as the world’s largest supplier of lithium, for example, a significant supply of cobalt, vanadium, copper, nickel. The minerals that will power the globe in the 21st century are things that Australia has significant amounts of,” Prime Minister Anthony Albanese said.

• [Editor:邢亞敏]