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Australian gov provides another $74m for Nyrstar smelter modernisation

Nyrstar's Hobart operation in Australia

Nyrstar's Hobart operation in Australia

10th June 2026

By: Reuters

  

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MELBOURNE - The Australian government will provide a further A$105-million ($73.68-million) to support Nyrstar Australia in progressing modernisation studies at its South Australian and Tasmanian smelting operations, Australia's industry minister said on Wednesday.

The support is in addition to the previous amount of A$135-million ($87.4 million) announced in August last year, as part of Australia's strategy to become a key supplier of critical minerals to Western allies.

The funding will support Nyrstar, a unit of the trader Trafigura, in maintaining operations at both smelters in 2026, while it completes studies to produce critical minerals. It previously said it would look at producing germanium and indium in Hobart, in the country's south, and antimony and bismuth from Port Pirie in South Australia.

Nyrstar shipped its first antimony earlier this year.

Australia's metal smelters have been under strain owing to high power and labour costs, and cheaper rivals elsewhere.

Modernising the country's ageing fleet will require significantly more capital, potentially testing the resolve of the government and taxpayers.

Edited by Reuters

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