The Morrison government has thrown its support behind an Iluka Resources plan to develop the first fully integrated rare earths supply chain on Australian soil and in doing so create a processing hub for third-party miners.
A letter signed by Trade Minister Dan Tehan and Resources Minister Keith Pitt reveals they met the Iluka board to discuss the rare earths plans in March and formed the view it was a project worthy of backing.
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Brad Thompson writes across business and politics from Western Australia for The Australian Financial Review. Brad is based in our Perth bureau. Connect with Brad on Twitter. Email Brad at brad.thompson@afr.com
