Australia Adds Nickel to Critical Minerals List

AU$4 billion Critical Minerals Facility

Friday's (February 16) news that Australia’s government has decided to add nickel to its critical minerals list has come as a welcomed relief to the country’s nickel-mining space.

Nickel’s critical mineral status effectively opens the door to funding for nickel companies through the government’s A$4 billion Critical Minerals Facility, as well as grants such as the International Partnerships Program.

Speaking about the announcement over the radio, Western Australia Premier Roger Cook said, “We have some levers around royalty relief and royalty rebates, and we’re looking at all options in terms of how we can support the industry.”

Nickel market participants have also responded positively to the government's move.

“Adding nickel to the critical minerals list makes sense and signals the Commonwealth Government intentions to deliver financial support to an industry that is hurting badly,” commented Warren Pearce, CEO of the Association of Mining and Exploration Companies, which represents over 500 member companies from all around Australia.

“It is pleasing to see both State and Federal Governments coming together to find bespoke measures that support projects still in operation, and those already in care and maintenance.”