Australia is poised to take advantage of global mineral sands demand, the Minerals Council of Australia (MCA) said on Wednesday, pointing out that Australia hosted the world’s largest mineral sands deposits and was home to a number of active mineral sands companies.
The MCA noted in a new report that Australia held 32% of the world’s share of ilmenite resources and 62% of its rutile resources, and is one of the only producers of rare earth elements such as neodymium and praseodymium.