Resources Minister Madeleine King said Australia will “no doubt” have an element of a floor price in its strategic reserve for critical minerals.
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“We are developing a strategic reserve. And that will no doubt have an element of a floor price as well,” King told delegates at the Minerals Week summit in Canberra, adding the government would consult the industry to get the right price.
“It is about a different pricing mechanism to reflect the cost of producing these materials.”
(Reporting by Melanie Burton; Editing by Chris Reese)
