$2 billion critical minerals boost crucial to energy transition
The Albanese Government has announced a $2 billion expansion in critical minerals financing, which will solidify Australia's position as a world leading provider, help the transition to net zero, boost the economy and support more jobs and opportunities for Australians.
Critical minerals, including rare earths, are the building-blocks for a clean energy future, and are essential to achieving Australia's energy transition. This significant commitment will double the capacity of the Critical Minerals Facility to finance Australian critical minerals mining and processing projects.



