Over the past three years,Pilbara Minerals has gone from treading water to becoming a $14 billion company at the forefront of Australia’s battery boom.
Australia can still achieve net-zero and avoid catastrophic heating,says a world authority – but only if it shuts the door to new gas in WA,NSW and the NT.
Australian miners,including BHP and Rio Tinto,have benefited from the US car company securing enough critical battery minerals to produce 600,000 electric vehicles a year by 2023.
The Grattan Institute’s report on industry policies for a green economy involves heavy government interventions and taxpayer funding. Surely the market and risk-takers should be left to sort out the winners and losers.
Trade Minister Don Farrell is optimistic negotiations over an Australia and EU free trade agreement can go “full speed”.
ASX-miner Syrah Resources in on the road to becoming biggest natural graphite producer outside of China.
Australia’s mining industry leaders say the prospect of the United States directly funding local projects could turbocharge the country’s ability to process critical minerals.
Australia is the only country that mines all the elements in batteries. Industry leaders and governments are now racing to add value further along the supply chain.
Mineral sands miner Iluka will spend $1.2 billion to produce rare earths essential for electric vehicles and wind turbines with backing from a federal fund designed to help wean the west off a reliance on China for critical minerals.