Critical minerals boom goes bust
The collapse of lithium and nickel prices is a rude awakening for Australia’s miners, but also reveals the challenges in the Albanese government’s ambition for greater domestic manufacturing.
Jennifer HewettColumnistFeb 1, 2024 – 4.12pmListen to this article6 minThe West Australian government’s budget is still flush with mining royalties thanks to iron ore. But although iron ore will continue to sustain the state’s finances, last year’s excited rhetoric about Australia instantly becoming home to a rich new resources boom in critical minerals is now looking distinctly threadbare.
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