💥 Fed cuts sparks mid cap boom! ProPicks AI scores with 4 stocks +23% each. Get October’s update first.Pick Stocks with AI

South Australia adds copper to critical minerals roster

Published 17/08/2023, 04:15 pm
© Reuters.  South Australia adds copper to critical minerals roster
HG
-
MCU
-

The South Australian Government has taken a significant step by formally including copper in its list of critical minerals, drawing attention to its central role in the decarbonisation initiative.

“We’ve always known copper is critical to South Australia but now we’re making it official by showcasing it as we develop our critical minerals strategy,” stated South Australia's Minister for Energy and Mining Tom Koutsantonis.

In alignment with global trends, South Australia has been ardently advocating for copper's inclusion in the national critical minerals directory as well.

This move comes in the wake of several nations and blocs such as the European Union, Japan, India, China, Canada and the United States - recognising copper's burgeoning significance in contemporary technology by inducting it into their critical minerals lists.

$2 million copper taskforce

Echoing these sentiments, the South Australian Government's dedication to this mineral has been previously marked by its launch of a $2 million copper taskforce in June.

Elaborating on the taskforce’s mission, the government shared in a statement, “The taskforce will work alongside our state’s copper producers and explorers and develop a long-term strategy to grow the state’s position as a global copper heavyweight.”

As the state fortifies its commitment to copper, it remains keen on championing its inclusion on the national stage, with Koutsantonis emphasising: “We will continue to advocate at a federal level for the inclusion of copper on the national critical minerals list.”

Read more on Proactive Investors AU

Disclaimer

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.