Critical minerals sector gets $2B financing expansion

THE federal government has announced a $2 billion expansion in critical minerals financing, which aims to solidify Australia's position as a world-leading provider, help the transition to net zero, boost the economy and try and get some investment heading Australia’s way.

Critical minerals sector gets $2B financing expansion Critical minerals sector gets $2B financing expansion Critical minerals sector gets $2B financing expansion Critical minerals sector gets $2B financing expansion Critical minerals sector gets $2B financing expansion

Australian prime minister Anthony Albanese said the government is providing significant support to de-risk investment in Australia's critical minerals sector.

It may also help win the battle to get Australian projects and companies getting access to US Inflation Reduction Act funds.

The Critical Minerals Facility's expansion takes its funding to $4 billion.