A Future Made in Australia is really about a global battle,led by the United States,against a rising China and a destabilising Russia.
Shadow treasurer Angus Taylor lashed $14 billion worth of incentives for green hydrogen and critical minerals companies,claiming it amounted to “handing out billions to billionaires”.
The government is betting big on green technologies and industry to grow local manufacturing.
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.
Australia is about to join the protectionist wave sweeping through major economies with its “Future Made in Australia” scheme. History suggests we shouldn’t.
While companies welcomed the budget boost promised to keep green tech in Australia,economist Saul Eslake says it will weaken the economy.
Australia’s only integrated producer and refiner of natural graphite says it will avoid the meltdown roiling the nickel and lithium sector.
Half of the 10 most shorted stocks on the ASX are involved in battery minerals or electrification as investors become increasingly bearish on the sector.
WA’s troubled nickel sector is pleading for government help to withstand a price slump caused by booming production from Indonesia.