[Ferro-Alloys.com] 

Australia’s budget will boost critical minerals, treasurer says

Australia’s budget will feature a bigger boost for the nation’s critical minerals industry, Treasurer Jim Chalmers said.

The treasurer will release the budget on Tuesday night.

Australia’s critical minerals industry is a major part of the government’s push to capitalize on the worldwide green energy revolution. Major powers including the US are keen to use Australian battery minerals as part of an effort to break reliance on Chinese supply for the materials, which are used in the production of solar panels, electric vehicles and lithium-ion batteries.

Although details are not public yet, Chalmers said the policy would feature a combination of “tax incentives, targeted grants, making sure that we’ve got the architecture to attract and absorb and deploy all of this private investment.”

• [Editor:邢亚敏]