Australia Reveals $1.3 Billion Expansion in Critical Mineral Financing
- PM Albanese is in the US for a four-day official visit
- Critical minerals will make up a large part of his agenda
Lithium ore falls from a chute onto a stockpile at a lithium mine outside Widgiemooltha, Australia.
Photographer: Carla Gottgens/BloombergThis article is for subscribers only.
Australia announced a A$2 billion ($1.3 billion) expansion in critical minerals financing on Tuesday as part of its effort to move toward clean energy and boost exports.
The investment will double the capacity of Australia’s Critical Minerals Facility to finance mining and processing projects for materials vital to high-end manufacturing and industry, the government said.