#Australia lists #Nickel as ‘critical mineral’ to unlock billions in support
Australia classified nickel as a “critical mineral” on Friday, opening the way for the crisis-hit industry to access billions of dollars in cheap government loans, as its prime minister prepared wider policy support for the green energy industry.
Australia wants to build a battery chemicals industry to reap more value from its mineral wealth, but the nickel sector is facing thousands of job cuts after a jump in Indonesian supply saw prices plunge 40% in a year.
Read more at: https://www.reuters.com/markets/commodities/australia-lists-nickel-critical-mineral-unlock-billions-support-2024-02-16/
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