Ai Group welcomes the Australian Government’s development of a new Critical Minerals Strategy. Australia was one of the first countries to develop a specific critical minerals strategy in 2019. This was updated in 2022 to reflect a growing suite of policies designed to support the industry’s development.
These strategies have proven highly successful, providing a framework for the rapid growth of critical minerals production over the last four years. The expansion of Australia’s lithium mining has been extraordinary; while we have consolidated our international market presence in the highly-strategic rare earths sector.
However, the rapid pace of change in global markets and technology for critical minerals warrants taking a fresh look at national strategy in 2023.
There is a strong consensus that further developing the critical minerals industries would benefit Australia’s economic, strategic, technological and climate interests.
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