With the federal election looming, the focus in Australia is shifting towards battery metals as Labor ramps up its 'Future Made in Australia' agenda and the AMEC calls for continued exploration incentives.
The so-called ‘super year' of elections may have drawn to a close, but serious campaigning in Australia has only just begun for the federal election due by May. Labor Prime Minister Anthony Albanese is gearing up to use the first full week of the new year touring regional areas of the mining powerhouse states of Queensland and Western Australia .
While the Liberal-National Coalition (LNP) opposition's nuclear plan has so far dominated much of the national debate, efforts are being made to put battery metals closer to the spotlight. Labor to run hard on Future Made in Australia agendaLabor sources reportedly told the country's national broadsheet, The Australian, on January 6 that the party would run hard on the LNP's opposition to its Future Made in Australia agenda, which includes the Critical Minerals Production Tax Incentive (PTC). The idea of the PTC is to give tax breaks to help spur the development of the country's lagging battery supply chain. In December, in Mining Journal's Perth office, LNP shadow resources minister, Senator Susan McDonald, previewed the party's campaign against the proposal, labelling it ‘a fantasy made in Australia'. AMEC calls for more stimulus for explorersMeanwhile, the Association of Mining and Exploration Companies (AMEC) – who were the architects of the PTC – have launched a new campaign to have the soon-to-expire Junior Minerals Exploration Incentive Scheme kept alive and almost doubled in size. Set to expire at the end of June, AMEC is calling for the JMEI to be extended for at least another four years and, at a minimum, increase funding to $200 million of allocations. The group's chief executive, Warren Pearce, said on January 6 that the incentive is a 'significant stimulus for the exploration sector and a substantial contributor to Australia's economy and government revenue'. 'Every dollar allocated results in more than A$2 spent on exploration activity, and more than $6 is raised on capital markets by companies,' he sai
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