The NSW Government is establishing Australia’s first Critical Minerals Hub with a view to make the state a major global supplier of critical minerals and high-tech metals.
The new hub, to be located near Dubbo in the State’s Central West, was announced by Deputy Premier and Minister responsible for Resources Paul Toole.
Mr Toole, who also launched NSW’s first Critical Minerals and High-Tech Metals Strategy, said critical minerals and high-tech metals such as cobalt, nickel and copper would play a vital role in making NSW the number one investment destination for mining and advanced manufacturing.
“Critical minerals are just that – minerals that are critical to the manufacture of everything from electric vehicles to solar technologies and for which there are no ready substitutes,” Mr Toole said.
“This Strategy delivers a clear vision to provide a key source of economic growth, diversify the NSW royalty base and create the advanced manufacturing jobs of the future in regional NSW.
“There is a global race on to locate, develop and establish secure supply chains of these minerals and metals. This Strategy will ensure NSW is in the box-seat to meet this demand.”
Mr Toole said the Critical Minerals Hub would pave the way for NSW to become a premier destination for investment in antimony, cobalt, copper, titanium, rare earths and zirconium projects as demand for critical minerals increases exponentially in the next 40 years.
“The Hub in the Central West will be a focal point for the development of this industry, including value-added processing, located close to existing, approved and potential mining developments,” the Minister stated.
“The hub could accommodate domestic e-waste recycling for eastern Australia, as well as the importation of e-waste from the Indo-Pacific region, so we can recover and recycle critical minerals alongside the exploration and mining of new resources.
“It will build on existing investments at the Parkes Special Activation Precinct as well as the $3 billion investment in Australia’s first Renewable Energy Zone, which is centred around the Dubbo, Wellington and Mudgee regions.