Business welcomes $2 billion expansion in critical minerals financing

25 October 2023

The Business Council of Australia welcomes this important announcement by the Australian Government to expand support for the critical minerals sector, which will mean more local jobs and investment, Business Council chief executive Bran Black said.

“Importantly it aligns with the significant interest by the United States in what Australia has to offer as a reliable partner in its supply chain as we decarbonise our economies.

“The US has 50 minerals on its critical minerals list and Australia has 26. There is an opportunity to consider greater alignment and, in this regard, we are pleased the federal government is finalising its review of Australia’s critical minerals list.

“From our discussions in Washington we can see this as a win-win for both countries and an enormous opportunity for Australian businesses.”

“The goal must be to drive greater investment in Australian projects, including from the US, for minerals that are essential and vulnerable to supply disruptions.


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