Australia – not (yet) a powerhouse for critical raw materials

The Economist in a recent article reports that Australia, despite its rich reserves of critical minerals like lithium and rare earths, faces major challenges in becoming a global powerhouse for supplying critical raw materials, required by industry in the transition to net zero.

Key obstacles highlighted in the article include the current dominance of China in refining and processing the materials. Australia currently relies on the export of materials and has not yet fully developed its own processing capabilities. The article concludes that there is also a need for more investment in infrastructure.

For more details, you can read the full article here.