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Backing manufacturing to help charge Australia’s future

The Australian Government is supporting the resources, technology and critical minerals sector with over $50 million in funding. The matched funding from the $1.3 billion Modern Manufacturing Initiative will support eight companies in the resources technology and critical minerals sectors.

This will add value to the battery and clean technology supply chains, including through onshore production of battery storage systems and adoption of battery technology across the mining sector.

Several companies have been funded for battery-related manufacturing processes.

Lynas Rare Earths will use its funding to develop a world-first process to refine rare earth ore. This is essential for permanent magnet and electric vehicle production. The new refining process reduces hazardous chemical use and delivers a significantly higher-grade product for export.

Australian Vanadium Ltd will fast-track manufacturing of large-scale vanadium redox flow battery systems. These can be used to support residential power grids, or in off-grid settings such as mining, agriculture and remote communities.

Elphinstone in Tasmania will develop a range of battery-powered underground mining support vehicles. These will eliminate the need for diesel in underground environments.

Core Lithium will help build a pilot processing facility for the production of battery-grade lithium hydroxide at Darwin Harbour.

The projects are supported within the Australian Government’s six National Manufacturing Priorities:

  • Resources Technology and Critical Minerals Processing
  • Food and Beverage 
  • Medical Products
  • Recycling and Clean Energy
  • Defence
  • Space.

Read more

Minister’s media release

See all grant recipients in the Manufacturing Translation Stream and Manufacturing Integration Stream.

 

[Photo: Australian Vanadium Ltd]