Nickel and lithium export earnings are on track to be slashed by almost half from a combined value of $25.1bn to $13.7bn amid plunging global prices, oversupply fuelled by China and the rapid slowdown in electric vehicle sales in the US and Europe.
New Department of Industry and Resources forecasts released on Thursday reveal lithium and nickel export revenues will drop to $11.3bn and $2.4bn, down from $20.1bn and $5bn in 2022-23.
Nickel and lithium export earnings are on track to be slashed by...
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