A new report by the Office of the Chief Economist has highlighted the potential for additional production and investment into six critical minerals, including niobium, rare earth elements, cobalt, antimony, magnesium and tungsten.
The report noted that while Australia’s potential as a supplier of critical minerals was not limited to these minerals, it is likely that early success will depend to a signifcant degree on these prospects, and on Australia’s ability to co-operatively harness the opportunities they represent.