Australia's Critical Minerals Processing Strategy

planned and under development

Australia is developing sovereign capability in critical minerals processing to strengthen its global market position. The strategy includes a $17 billion production tax credits program to incentivize domestic processing, development of a critical minerals strategic reserve mechanism, streamlined approval processes for processing facilities, and co-investment in pilot and demonstration facilities. The focus is on lithium, rare earths, cobalt, manganese, vanadium, nickel, and graphite processing, with emphasis on sustainability and regional development, particularly in Western Australia.