Opportunities in critical mineral projects highlighted in new report

The Australian Critical Minerals Prospectus 2020 has been launched, aiming to attract foreign investment to help value-add to raw materials.

The document identifies new “significant commercial opportunities” among hundreds of critical minerals and rare earth elements projects, with Australia boasting some of the world’s richest stocks, said trade minister Simon Birmingham. 

It lists over 200 potential investments in minerals including lithium, cobalt, manganese, antimony, zirconium, titanium, tantalum, zirconium, tungsten, vanadium and niobium.

Birmingham added that the next challenge was to attract the investment to get these running.

The stocktake of projects, he said, “illustrates the immense opportunity Australia presents for investments to not only extract raw critical minerals out of the ground, but to also process critical minerals and manufacture products such as batteries, superalloys, petrochemicals and high-end technological applications.”

The prospectus can be read here.

Picture: Existing and potential sites for mining critical minerals. (Geoscience Australia)

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