Australia’s current share of global production is lower than its share of global resources in many critical mineral commodities, including stalwarts copper and nickel.“This will need to change in order to win today’s resources race and the resources race of the future,” according to BHP.The mining giant believes increasing production will support mining jobs and reel in something like $19 billion in annual investment, which would be a 2X from where things stand.“Australia has a huge opportunity to capitalise on major change in the world economy driven by the megatrends of decarbonisation, electrification and population growth,” Slattery said.“Minerals like copper, nickel, lithium and cobalt will be critical to enabling the energy transition. Their extraction and processing also have the potential to be a driver of future economic prosperity,” continued BHP in its report.“For Australia to seize this opportunity, a constructive partnership between industry and government will be needed.” QUOTE in * today COB ready to play a significant role in the future IMO
COB Price at posting:
28.5¢ Sentiment: Buy Disclosure: Held
