The Australian federal government has announced a significant funding initiative aimed at boosting green metals production and ensuring the long-term competitiveness of domestic metals producers in the global market. The A$750 million investment will focus on the development of low emissions technologies, pilot and demonstration projects, and productivity improvements.
Australia is already well-positioned with its abundant reserves of alumina, aluminum, iron, and steel, and this funding will further enhance the value of the nation's annual metals exports, which exceed A$150 billion. The financial support will enable the production of green metals on a commercial scale, using domestic ores and renewable energy, thereby paving the way for increased trade opportunities, the creation of more jobs, value-added production, and lower emissions.
This move builds on previous efforts by the Australian government to support the local steel industry. In February 2025, the government unveiled two additional funding packages to help save the Whyalla steelworks and boost the production of green iron domestically.
With these initiatives, Australia is taking decisive steps toward a sustainable future, ensuring its leadership in the global metals market while contributing to the global transition to a low-carbon economy.
VietnamSteel by Hoa Sen Group
