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Australian mining group pushes govt for tax credit as lithium, nickel prices slump

  • Friday, January 26, 2024
  • Source:ferro-alloys.com

  • Keywords:nickel, lithium, ore, electrolytic nickel, steel
[Fellow]An Australian mining association has called for a new production tax credit during meetings with senior ministers called as nickel and lithium miners curtail projects and review new mines in response to a global slump in prices.

[Ferro-Alloys.com] 

Australian mining group pushes govt for tax credit as lithium, nickel prices slump

An Australian mining association has called for a new production tax credit during meetings with senior ministers called as nickel and lithium miners curtail projects and review new mines in response to a global slump in prices.

In response, Australia should introduce a 10% production tax credit (PTC) for downstream producers to save jobs and preserve the country’s ambitions of becoming a critical minerals powerhouse, Neil van Drunen, acting CEO of the Association of Mining and Exploration Companies (AMEC) said in a statement on Thursday.

AMEC on Thursday also recommended government defer royalties, provide funding for shared infrastructure and reform the environmental approval process, among other changes.

  • [Editor:邢亞敏]

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