According to reports, as part of a proposed mineral resources pact with the United States, Australia is contemplating the establishment of a legally mandated minimum price for critical minerals. Additionally, it plans to offer financial assistance for the development of new rare-earth projects. Government representatives have initiated discussions with mining companies to delve into potential funding avenues for a strategic reserve program dedicated to critical minerals, valued at 1.2 billion Australian dollars (roughly equivalent to US$776.28 million).
