[Ferro-Alloys.com] 

Australia introduces tax incentive to propel critical minerals industry

The Australian government on Monday introduced legislation to Parliament for the Critical Minerals Production Tax Incentive (CMPTI), a move that industry stakeholders have hailed as a significant step toward transforming Australia’s critical minerals sector into a global leader.

The A$7-billion commitment over ten years, covering 31 minerals on the critical minerals list, will support companies in adding value to raw materials by investing in downstream processing. In return, companies will receive a 10% tax credit.

• [Editor:邢亚敏]