The Australian Government will leverage its investment in critical minerals and the Future Made in Australia agenda to propel the sector’s growth, and support Australia’s national security and strategic impact out to 2030 and beyond. The government will continue to act in a concerted, targeted and proportionate manner. We will support our critical minerals sector to unlock private investment, improve project economics, accelerate commercially viable projects and grow Australia’s midstream capability.
Concerted
The Australian Government will continue to provide national leadership, alongside state and territory governments, industry and investors, to get critical minerals projects operating and delivering supply to the world. This includes leadership in improving infrastructure, approvals systems, skills, financing and market access.
A wide array of government action is in improving project economics, such as public financing, investment facilitation, and the Critical Minerals Production Tax Incentive. This will crowd-in private capital and support commercially viable projects.
Australia will continue to leverage our international partnerships to deliver outcomes for our partners and the nation. We will pursue investment and offtake agreements with partners to secure new demand for Australian projects, improve market access and link our upstream and midstream capabilities into our partners’ downstream ecosystems.
Targeted
The government will support critical minerals projects and capabilities that deliver the greatest impact to deliver the strategy. We will target projects that move Australia further along the value chain, increase domestic value‑add and build capability in refining and processing where Australia has, or can develop, a comparative advantage. This includes targeted action where the private sector alone cannot address the economic and geopolitical factors that drive abnormal market outcomes.
Proportionate
Government action will address market gaps, crowd-in private capital, improve commercial viability and accelerate long‑term industry development. The government will do this in a way that is proportionate to the size of our economy and global market demand, considers our natural advantages and national interest, and is efficient, effective and fiscally responsible. Australia will target our support where it can make a clear difference to investment decisions, project development and supply chain outcomes.