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The New Daily

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The New Daily

Government to subsidise miners to extract critical minerals

lithium Anthony Albanese Madeleine King Mining Australia

Growing demand for lithium batteries, extracted from the red mineral, could see an export boom. Photo: Getty

The Albanese government will subsidise mining projects for critical minerals like lithium in a bid to accelerate green industries like the batteries used in electric vehicles.

A “critical minerals strategy” in consultation with mining companies and traditional owners, was announced by Prime Minister Anthony Albanese and Resources Minister Madeleine King in a press release on Thursday night.

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