The federal government declared “the road to net zero runs through Australia’s resources sector”,and Rinehart will be hoping for a decent spoonful from the profit pot at the end of that road.
Shipments of its key commodity iron ore fell over the past three months as bad weather disrupted Rio’s ports,the mining giant said.
America’s national security and the health of the planet depended on commodities managed by Australia,Caroline Kennedy told Paydirt Battery Minerals Conference in Perth.
Arafura Rare Earths,which counts mining billionaire Gina Rinehart’s company as a key investor,admitted to proceeding with part of a project before it gained government approval.
The former state Labor minister and federal MP insists she placed herself on the register out of an abundance of caution after starting a new job.
Australia is joining the United States to tackle China’s dominance in key green commodities. But the government faces tough choices to help local industry.
Mike Henry said urbanisation,industrialisation and population growth were driving demand for the key minerals. They are also at the heart of US-China competition.
Robyn Denholm,chair of Tesla’s board,says the Albanese government can create a local battery-making industry with modest tax breaks for investors.
The rare-earth metals miner has been approached by North American and Asian companies looking to buy it as the push intensifies for critical minerals needed to power the world’s energy transition.
The compact agreed by Anthony Albanese and Joe Biden last week underscores the opportunity and potential risks created by America’s push to get less dependent on China for strategic resources.
Producers want government help to set up precincts with an industrial ecosystem to drive down costs.