Australia Backs Smelters to Secure Critical Mineral Supply Chain

Australia Pours $135 Million Into Zinc Smelters to Try Counter China’s Export Pressure

Just months after a major report warned of the strategic risks posed by Australia’s weakening metals refining sector, the Albanese government has announced $57.5 million to support two key zinc smelters in South Australia and Tasmania. The funding forms part of a broader $135 million transformation package backed by the South Australian and Tasmanian governments, contributing $55 million and $22.5 million respectively. The move aims to rescue th…

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Australia Backs Smelters to Secure Critical Mineral Supply Chain

Australia has pledged A$135 million to support Nyrstar's two smelters, aiming to strengthen its critical minerals position amidst reliance on Chinese supply chains. The funding aids the production of minerals like germanium and indium, while modernization efforts face high capital demands amid geopolitical tensions.

Nyrstar to get $135 million bailout for struggling smelters

The owner of the Port Pirie and Hobart smelters says it has reached an agreement with the federal and state governments for $135 million in "transitionary support" for its metals manufacturing business.

Gov’t funding boosts Nyrstar’s plans for critical metals production in Australia - Australian Manufacturing

Nyrstar has secured $135 million in transitionary funding from the Australian, South Australian and Tasmanian governments to support its critical metals processing operations in Port Pirie and Hobart.