PM allocates $200 million for Wagerup gallium project

Prime Minister Anthony Albanese announced a $200 million commitment to Alcoa’s gallium expansion at the Wagerup alumina refinery, which is set to start production in late 2026. This project aims to create around 200 construction jobs and will contribute up to 10% of the world’s gallium supply, currently valued at $1541/kg. The investment, structured as concessional equity finance, will enhance Australia’s critical minerals production for advanced technologies and defense. Albanese emphasized the strategic importance of this initiative in meeting growing global demand for gallium, particularly from the US and allies.

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