ICMM’s Post

This blog post from our friends at @CCSI_Columbia on #ISDS is a must-read.They lay out how ISDS interferes with the governance of critical minerals, and what can be done:

In the last few years, with legislation like the Bipartisan Infrastructure Law and the CHIPS and Science Act, the US government has invested hundreds of millions of dollars into critical minerals research. With the recent news that the Salton Sea in California may have enough lithium reserves to power 375 million electric vehicles, the federal focus on critical minerals R&D will continue to grow. #CriticalMinerals #researchanddevelopment #federalfunding

Check out this insightful piece: "Understanding Critical Mineral Market Volatility and Its Implications for Australia." 🌏 Featured in the Australian Resources and Investment publication. 📰 #CriticalMinerals #MarketVolatility #Australia #ResourceIndustry https://lnkd.in/g5dmV6nv

At today's full Committee hearing on critical minerals & materials, Chairman Frank Lucas highlighted the need to onshore the supply chains of critical minerals that are key to our nation's economic future. Read the full statement here: https://lnkd.in/gGJzC_26

We welcome yesterday’s 2024-25 Australian federal budget, which unequivocally underscored the Australian Government 's commitment to supporting the domestic critical minerals sector, now positioned as a cornerstone of the nation's economic agenda. We intend to pursue all avenues of supportive government funding and policy assistance to enable rapid development of our flagship high-grade Kookaburra Graphite Project on South Australia’s Eyre Peninsula. CEO Jonathon Trewartha commented: “The Australian Government's support for the critical minerals sector in last night’s federal budget sends a clear message to investors: that these targeted incentives and investment frameworks will pave the way for increased private sector and strategic participation in domestic critical minerals projects and supply chains. Formation of a stable operating environment, conducive to long-term growth and profitability, complements the high quality of our Kookaburra Graphite Project, with increased interest from potential strategic partners in recent weeks. The Federal Government's recognition of the strategic importance of Australia’s critical minerals sector comes at the ideal time for Lincoln Minerals, as we aim to capitalise on the growing global demand for critical minerals and with appropriate support from government, we see multiple opportunities for expansion, growth and ultimately strong shareholder returns.” Our recently announced Share Purchase Plan is set to close to investors on 24 May, with funds to be used to advance our KGP Project and our critical minerals portfolio. Read the full media release here: https://lnkd.in/e3kgrJta #LML #lincolnminerals #graphite #criticalminerals #resources #budget

The Critical Minerals Association Australia welcomes the Government’s Budget announcements this evening, significantly stepping up support for Australia’s critical minerals industry. Since its inception, the CMAA has been calling for increased Government support to grow Australia’s critical minerals sector quickly in order to compete globally, and especially for the domestic mid-stream. Our critical minerals industry will benefit from support for: 💸Production tax incentives: of $7.0 billion in support for Australian critical minerals processing over 11 years. 🗺 Geoscience Mapping:  $566.1 million over 10 years to map the whole of onshore Australia by 2060 to double Australia’s known resource endowment and advance our understanding of Australia’s potential for critical minerals. 🏭 Common user facilities: $10.2 million in 2024–25 for pre-feasibility studies for critical mineral common-user processing facilities in partnership with state and territory governments to enhance Australia’s capacity to process critical minerals, sovereign capability andeconomic resilience. 🌳 Trade Enhancement Initiative: $5.8 million over three years from 2024-25 for a critical minerals trade enhancement initiative, to accelerate trade efforts for Australia’s critical minerals that are produced to high environmental, social and governance (ESG) standards. We would like to thank Madeleine King and her team for taking on board these key issues the CMAA has advocated for. Read more here: https://lnkd.in/dRiSTB6h

A move in the right direction for critical minerals in Australia.

In a keynote address at the London Indaba today, Baroness Lindsay Northover member, House of Lords of the United Kingdom and vice chair of the All-Party Parliamentary Group on Critical Minerals and ESG said that a case must be made for critical minerals – it must be about what the incoming UK government needs to do to work with African countries to promote responsible and resilient supply chains for critical minerals. “The first and most obvious thing is that the government should be taking action.” It took until 2022 to announce a critical minerals strategy, which featured in government’s 2023 refreshed integrated review. She said that a key concern is security of supply. There is a global recognition that there will be hugely increased demand for minerals like copper, lithium, rare earths, gold and more, for the transition the net zero. She said, “It matters what governments and international institutions do to help bridge the gap that exists for long lead, heavy capex projects, which are critical for short and long range national strategy.” She explained that a report that came out five days ago from the US Center for Strategic and International Affairs states that China has spent USD230-billion in supporting its EV sector alone, between 2009 and 2023. There is a determination in the West to establish independent, reliable and resilient supply chains. President Biden put in place the inflation Reduction Act, which authorizes almost USD400-billion for renewables. The EU has reacted with its critical raw materials act. Northover said, “The automotive industry in the UK has a turnover of almost 80 billion batteries for EVs which make up a large part of the cost of such vehicles, and we need to make those batteries onshore to meet the Rules of Origin requirements when selling to the EU; we need to make sure that we have our own supplies of the critical minerals that are required for the growth in green industries in the UK, but these must be sourced in a sustainable way.” She noted that opportunities of supply lie in Africa, but mining must now have the highest ESG standards to obtain the capital necessary to grow the industry – new investors that have traditionally not supported mining must be targeted, and government support is essential. She added that the UK’s potential new chancellor has made it clear that her overriding priority is to grow the economy, and recognizes that it is with the renewables that the future lies, she noted. #criticalminerals #LondonIndaba #mininginvestment #sustainablemining #netzero

Wondering how the Minerals Security Partnership (MSP) Forum is going to strengthen the critical raw material supply chains globally? The European Commission's communications team presents the details. #MineralsSecurityPartnership #SustainableSupplyChain #EU #US

Last week, civil society, industry, and governments gathered at the 2024 OECD-OCDE Forum on Responsible Mineral Supply Chains. Here are some of IPIS' takeaways from the various discussions on #3TG #CriticalMinerals #Diamonds #ASM #LSM #bizhumanrights #DueDiligence https://lnkd.in/gqtM_rPy