Australian Government Announces $750 Million for Green Metal Projects

The Australian Government has announced that $750 million of the $1.7 billion Future Made in Australia Innovation Fund will support innovative green metal projects. The funding aims to enhance the early-stage development of Australia’s green iron, steel, alumina, and aluminium sectors, which are pivotal to the national economy, employing around 200,000 jobs and contributing $153 billion in annual exports. The initiative builds on an additional $2 billion Green Aluminium Production Credit and a $1 billion Green Iron Investment Fund.