Mining ready to ride biggest boom with $2t up for grabs
Some $2 trillion has been unleased for a low-carbon economy under United States laws, with Australia set to get access to tax breaks as a trusted and sustainable source of critical minerals.
US Consul General Siriana Nair just said, ‘the world's energy transition cannot happen without Australia's resources sector.’
Demand for critical minerals will skyrocket in coming decades and for minerals such as lithium and graphite that are used in electric vehicle batteries, demand will increase by as much as 4000 per cent, she said.
A global survey released to coincide with the summit shows mining leaders are confident they can profit from the clean energy boom and reduce greenhouse gas emissions.
"One of the reasons mining and metals executives are confident about the future is that they regard decarbonisation plans as a growth opportunity not just as a cost of doing business," KPMG global mining leader Trevor Hart said.
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When the US come to choose an advanced rare earth project in Australia that can supply all 4 key elements, in particularly Dy and Tb. We are it. There is no one else!
Exciting times!
AIMO, DYOR, GLTA(patient)H
General discussion, page-189
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