In 2026, the Australian government will launch its $1.2 billion Critical Minerals Strategic Reserve. The project was born to protect Australia’s economy and supply chain, with the goal of stabilising the critical minerals markets.
Australia is in a position of advantage thanks to its abundant supply of certain critical minerals, which can also support its collaboration with many of its allies, including Canada, US, Japan, Europe and the UK.
The Reserve will focus on Antimony, Gallium, and Rare earths; their applications can be found in several industries such as clean manufacturing, medicine, energy, advanced computer technologies.
Minister for Resources Madelaine King said: “The Strategic Reserve will provide vital support for Australian critical minerals mining and processing projects, creating jobs and ensuring Australia is at the centre of efforts to build stable and reliable supply chains for our international partners.”
Future transactions under the Reserve will be led out of the Department of Industry, Science and Resources, in close partnership with Export Finance Australia.
