The race to net zero relies on critical minerals, driving mining sector to seek more cash from federal budget

In short: Australia has some of the world's best-known critical mineral deposits. Common use infrastructure, tax credits and streamlined approvals processes are at the top of the critical minerals sector's wish list for next week's federal budget. In Perth this week, Prime Minister Anthony Albanese acknowledged the importance of getting the most out of Australia's world-leading critical minerals deposits that, for the most part, still remain embedded under the earth. Last week, Treasurer Jim Chalmers announced an overhaul of foreign investment laws, including "dedicating more resources to screening foreign investment in critical infrastructure, critical minerals and critical technology". "The processing of rare and critical minerals, rare earths, is highly intensive; it's very important that we're able to ensure we've got the right policy settings from government.