Australia and Japan Strengthen Partnership in Critical Minerals
Australia plans to invest up to 1.3 billion AUD in strategic projects with Japan to address supply chain vulnerabilities in mining and refining. Japan has already contributed approximately 370 million AUD in investments and grants, with additional funding expected as projects develop.
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Australia and Japan are focusing on strategic initiatives to improve supply chain weaknesses in mining and refining. Key projects eligible for state support include Alcoa's collaboration with Sojitz to develop gallium recovery in Western Australia, and Magnium Australia's high-purity magnesium production.
Tivan's Speewah Fluorspar Project aims to produce acid-grade fluorspar, essential for semiconductor manufacturing. The Copi project in New South Wales, owned by RZ Resources with partners JX Advanced Metals and Marubeni, targets critical minerals and rare earths.
Additionally, Ardea Resources' Kalgoorlie Nickel Project is being developed in a joint venture with Sumitomo Metal Mining and Mitsubishi. This partnership may enhance the resilience of critical mineral supply chains in the region.
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