The Chamber of Minerals and Energy of Western Australia (CME) has welcomed the announcement by the Federal Government to establish a dedicated office within the Department of Industry to help support critical minerals projects.
“The move by the Morrison Government to make projects that encourage the mining and processing of rare earths and other key ingredients eligible for financial support through Export Finance Australia is timely news and will help to encourage significant growth in the rare earths market,” said CME CEO, Paul Everingham.
“Western Australia has the opportunity to become a major supplier of the critical minerals that are needed in smartphones, electric vehicles, solar panels, wind turbines and vital components in military technology.
“Today’s announcement aligns with the global drive to reduce our dependence on fossil fuels and decrease carbon emissions, coupled with the growing demand for technology that is faster, smaller and more efficient.”
