Value of Australia’s lithium exports more than triple from last year
Australia’s lithium and base metals like nickel, aluminium and copper are forecast to earn around $47 billion (USD 31.8 billion) in the current financial year, according to the Australian government’s latest forecasts.
Hydrogen dominates Australia’s energy value future as earnings from critical minerals surge, resources report finds
Investment and forecast revenue from Australian resources critical to low-emissions energy technologies has grown dramatically in 2022, federal government reports find. The forecast export earnings from critical minerals has grown 50% in the year, while hydrogen projects now make up the nation’s largest single component by value, though in a highly speculative form.
Battery minerals help drive resources exports to new records
Global efforts to build energy and transport systems based on lower-emission sources are expected to drive Australia’s mining and energy export revenues to record highs of more than $400 billion for a second consecutive year.
Northern Territory approves its first lithium mine
The Finniss Lithium Project will be the first-ever lithium mine to be built outside of Western Australia.
