Australian Government Bets On Key Minerals!

On March 16, Australia announced it would invest more than A $243 million (1.128 billion yuan) to support four mining-related projects, a further A $200 million (928 million yuan) to bring more mining projects to market, and a A $50 million (232 million yuan) to establish a key minerals research institute. The government says the projects will create more than 3,400 jobs and strengthen Australia's position in key fast-growing markets for minerals, electric vehicles and batteries.

The government believes Australia's key mining sector and job-creating industries that rely on it are booming on the back of the Morrison government's A $1.3bn Modern Manufacturing Initiative.

The four projects to be invested in this time are:

A $119.6 million investment into the A $399 million pCAM Hub in Western Australia for Positive cathode Materials, a partnership between Pure Battery Technologies and Poseidon Nickel. The project will build an integrated refining centre for nickel-manganese-cobalt battery materials in Kalgoorlie. From 2023, the center will have 380 construction jobs and 175 initial permanent jobs, with continuous new employment opportunities.

A $49 million for a A $367 million Vanadium project led by Canadian company Australian Vanadium. The project will extract high-grade vanadium ore from the Meekatharra mine in Western Australia and ship it to the Tenindewa plant. The Tenindwar plant is powered by clean hydrogen energy supplied by its partner ATCO Australia. This hot key mineral will be used to make energy storage batteries for the growing domestic and international market, while the project will also provide more than 740 jobs.

To invest A $30m in Arafura Resources' Nolans Project. The project, located near Aileron in central Australia, is the first such rare earth separation plant in Australia and the second outside China. The A $90.8 million Norris project in the Northern Territory will use Australian mineral processing technology to develop rare earth separation technologies not currently available locally, creating 650 jobs and new high-value export opportunities at the peak of construction.

A $45 million investment for Alpha HPA's A $330 million alumina project with Orica. The project will build a high-purity alumina production plant near Gladstone, which will help meet fast-growing demand for lithium-ion batteries and LED lights, creating more than 300 jobs from this year.

Prime Minister Scott Morrison says the projects are key to preserving Australia's manufacturing sector and the thousands of jobs they bring.

"We are helping to develop key local mineral processing and clean energy industries and locking in their future by supporting Australian manufacturing projects." "The A $1.3 billion Modern Manufacturing Initiative is a key part of our government's plan for a stronger economy and a stronger national future," Mr Morrison said.

安格斯泰勒,Australia's minister for industry, energy and emissions reduction, said the projects would help Australia capture more of the global supply chain. "The things we use every day, like smartphones, computers and rechargeable batteries, need to be made from key minerals. These minerals are also used to make solar panels, electric cars, defense technology and many other high-tech applications."

The modern Manufacturing Initiative aims to counter What the government sees as China's dominance of the world's key mineral production.

The government says Australia is a global leader in resource technology and can use its vast natural resources, huge investment in research and development and proximity to growing global markets to build greater capacity in the processing of key minerals. And Australian producers play a big role in that.

This comes on top of other funding initiatives, including a $200m "Accelerator Grants Program" and a $50m to support research and development of new industry strategies.

Keith Pitt, Minister for Resources and Water resources, said the A $200m accelerator programme would provide grants to strategic key mining projects in the early to medium term to accelerate their entry into the market.

皮特先生说,执政ment had committed a $50m over three years to establish a virtual national research and development centre for Key Minerals, It brings together expertise from CSIRO, Geoscience Australia and the Australian Nuclear Science and Technology Organisation.

"The centre will build Australia's capacity in critical mineral processing, address technical bottlenecks in strategic supply chains and drive ground-breaking collaborative research." "Projects at the centre will help unlock new sources of economically viable key minerals and diversify supply chains of strategic interest for Australia and our Allies," Mr Pitt said.

So far, Australia has provided a $2 billion in financing for MINING, according to MINING. Australia produces half of the world's lithium, is the second largest producer of cobalt and the fourth largest producer of rare earths. Australia's resources and energy exports are worth A $348.9 billion, with China the largest source of Australian iron ore exports.