The Albanese Labor Government’s plan to establish a critical minerals strategic reserve is good news for mining projects, regional communities and workers across NSW.
With leading deposits of critical minerals – including antimony, cobalt and rare earth elements – the NSW mining industry would benefit from a re-elected Albanese Labor Government.
The critical minerals strategic reserve also complements the Minns Labor Government’s efforts to support projects as they enter production, including through our $250 million royalty deferral, which begins on 1 July 2025.
NSW has more than 10 critical minerals and high-tech metals projects that are ready for investment. They need around $7.6 billion in capital investment value and are expected to generate about 4,600 jobs during construction and 2,700 ongoing jobs.
I look forward to working with Prime Minister Albanese, Federal Resources Minister King and a re-elected Labor government to bring these projects to life and support Australia’s ambition to be a leading producer and supplier of critical minerals.