Minerals Exploration in Australia Jumps as Supercycle Looms
Mar 02 2021, 9:10 AM
March 02 2021, 5:25 AM
March 02 2021, 9:10 AM
(Bloomberg) Spending on exploration in global minerals powerhouse Australia rose in the December quarter to its highest in over seven years as prospectors stepped up their activity to meet strengthening global demand.
(Bloomberg) Spending on exploration in global minerals powerhouse Australia rose in the December quarter to its highest in over seven years as prospectors stepped up their activity to meet strengthening global demand.
Mounting talk that the commodities complex is entering a new supercycle is spurring miners to seek new deposits of the minerals that will drive the clean energy transition. Australia already has the second-biggest copper resources in the world and holds more than a quarter of the worldâs nickel. Itâs also the biggest exporter of lithium, a key component in the battery technology that is driving the switch to ele
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