From a resource perspective, Australia is well-positioned with...

From a resource perspective, Australia is well-positioned with some of the richest critical mineral reserves. In fact, we have the second-largest reserves of both lithium and cobalt and the sixth-largest deposits of rare earths.Financially there are some 81 critical minerals projects under development with an estimated value of $30 billion to $40 billion. However, this is insignificant compared to the potential value of downstream industries. Some estimates put this in the region of an uplift of an additional $140 billion in GDP. QUOTE
COB is in a unique position to take advantage of the current global situation there needs to be a substantial effort to boost our processing capacity of cobalt sulfate in the future IMO

https://www.themandarin.com.au/233853-why-minerals-and-rare-earth-elements-are-critical-for-australias-future/