The Australian Government has awarded $53 million to establish the Critical Metals for Critical Industries (CMCI) CRC, announced 6 March 2026.
The centre will focus on developing and commercialising advanced, sustainable refining technologies for lithium, vanadium, cobalt, rare earths and other high-value critical minerals.
Industry and research partners are co-investing an additional $185 million.
This addresses Australia’s core midstream gap, moving beyond raw mining to onshore processing and value capture.
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Blog source article: Department of Industry, Science and Resources.