Stronger prices, a brighter longer-term demand outlook and the rise of battery metals are laying the ground for a potential revival in mining and energy projects in Australia, according to the world’s top exporter of iron ore, alumina and coking coal.
The value of so-called committed projects – as well as those likely or possible to progress – are forecast to rally to as much as to A$122-billion by 2021 due to a pipeline of new initiatives, after bottoming this year at about A$40-billion, according to the Department of Industry, Innovation and Science.