Lynas news

AUST Business today (excerpt):
CEOS ALL ABOARD FOR THE ENERGY TRANSITION

Ticky Fullerton
Energy transition – and how fundamental it is to business models and growth – is one of the themes that jumps out of The Australian’s 2022 CEO survey.
For miners, copper, nickel and the new rush for critical minerals is a chance to change the fossil reputation of the sector among young Australians who are increasingly needed to join the workforce.
Sandeep Biswas, chief executive of Newcrest, said copper was the future engine of the electrified world. “Decarbonisation simply cannot happen without mining, which will provide the resources needed to build renewable energy infrastructure, electric vehicles and a greener grid,” he said.
Mr Biswas said copper consumption would rise 26 per cent to 31 million tonnes by 2030 but only if it could be supplied.
CEOs surveyed by The Australian overwhelmingly support the government’s ambition for a critical minerals industry with new refining and manufacturing, but say a substantial investment is needed.
“Australia is in the box seat to supply the critical minerals the world needs for the energy transition,” said Lynas chief executive Amanda Lacaze. “To do this we need serious investment in 21st century infrastructure including renewable power stations, cost-effective logistics and reagents, and R&D to ensure our industry makes the most of the smarts this country has to offer.
“There is a massive scale difference between a critical minerals producer and a bulk commodity producer, which is why finding opportunities for shared infrastructure are so important.”
The accelerating pace of transition and demand for Western Australia’s resources has catapulted miners up the ASX charts….