Key Metrics
11.57
Heat Index-
Impact LevelMedium
-
Scope LevelNational
-
Last Update2026-01-12
Key Impacts
Positive Impacts (11)
Event Overview
The investment aims to secure and stockpile essential minerals, enhancing the nation's role in global supply chains for defense and advanced technologies. This strategic move underscores the importance of resource security and technological advancement.
Collect Records
Australia to Invest $1.2 Billion in Critical Minerals
The Australian government plans to invest 1.2 billion Australian dollars to purchase and stockpile critical minerals, including rare earth elements, antimony, and gallium, from domestic mining companies. This initiative aims to strengthen the global supply chains for defense and advanced technologies. Treasurer Jim Chalmers stated that this move will ensure Australia's central role in the global supply of critical minerals.