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ARTICLE · 04 JULY 2023

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Everything You Need To Know About Australia's 2023 Critical Minerals Strategy

Herbert Smith Freehills Kramer LLP
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Australia's new Critical Minerals Strategy is finally here – so how does it stack up against expectations, and what will it mean for our resources sector? In this article, we break down the key components...

AustraliaEnergy and Natural Resources
Jay Leary
Jay Leary

Australia's new Critical Minerals Strategy is finally here – so how does it stack up against expectations, and what will it mean for our resources sector? In this article, we break down the key components of the strategy, who stands to benefit, and what we think is next on the cards.

On 20 June 2023, the Department of Industry, Science and Resources (DISR) released its highly anticipated Critical Minerals Strategy for 2023-2030 (the Strategy), which can be found in full here.

In our recent 2023-24 Federal Budget and beyond breakdown, we were looking out for simplified approvals processes (more transparent, predictable and defined) for critical minerals projects, and incentives akin to those in the US Inflation Reduction Act.

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