Australia Likely to Miss Critical Minerals Goals Without Greater Government Support, Inquiry Told
Alpha HPA, Grenof and the Gladstone Engineering Alliance told a parliamentary inquiry that funding is being delivered too slowly to keep pace with the industry.
Companies involved in processing critical minerals into advanced materials have informed a parliamentary inquiry that Australia may not meet its goals without increased government assistance. Robert Williamson of Alpha HPA highlighted the substantial value added by his company’s Gladstone plant, which refines raw materials into high-purity alumina for semiconductors and batteries. This process transforms feedstock worth approximately US$400 per tonne into a product sold for over US$30,000 per tonne.
- Companies processing critical minerals into advanced materials warn of potential failure to meet Australian goals.
- Greater government support is needed for critical minerals projects.
- The House Standing Committee on Primary Industries is investigating social licence and economic development in the sector.
- Alpha HPA’s Gladstone plant refines alumina hydrate into high-purity alumina for semiconductors and batteries.
- The value of processed material can increase dramatically, from US$400 to over US$30,000 per tonne.
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