The Australian Government has committed AUD $750 million to bolster the country's green metals transition, which includes hydrogen-based iron production, through the Future Made in Australia (FMIA) Innovation Fund. This funding initiative aims to support the development of new technologies, pilot projects, and equipment upgrades to promote clean energy technology manufacturing and low-carbon liquid fuels. With a significant portion of the funds already allocated, the government's focus is on job creation and emission reduction while tapping into the increasing global demand for green metals. Prime Minister Anthony Albanese highlighted the importance of supporting local metal manufacturers to seize future opportunities, leveraging Australia's resources, expertise, and workforce. The Australian Hydrogen Council has lauded this move, underscoring the critical role of funding certainty in attracting private investments and driving decarbonization in industries like metal exports. However, the Australian hydrogen industry has faced challenges, as seen in the redirection of funding from a hydrogen project in Whyalla due to a lack of commitment from a potential customer. Despite these setbacks, the government remains committed to strengthening sovereign capabilities and promoting industry innovation. The broader landscape of Australia's hydrogen sector has experienced hurdles, as several projects have faced difficulties despite government support. Initiatives like bp's Kwinana project and Origin Energy's Hunter Valley Hydrogen Hub have encountered challenges, raising questions about the industry's future trajectory. Despite these obstacles, the government's investment signals a positive outlook for green metals and hydrogen production in Australia.