The magnetic group of rare earths, used in the production of powerful magnets, will be a driver for the market into the future.
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Australia needs to move beyond mining graphite and invest in processes that convert it into synthetic diamonds and use it to create carbon fibres.
If Australia investments in technology to recycle and lease lithium, it could capitalise on its increasing use in batteries.
Even if the price of iron ore remains low, Australia is still well placed to benefit from this resource in the future.
Top contributors
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Professor of Resource Futures, University of Technology Sydney
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Professor of Economics, The University of Queensland
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Distinguished Professor of Energy and the Environment, University of Delaware (USA); Professorial Research Fellow, The University of Queensland
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Honorary Senior Research Fellow, Kyoto University
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Postdoctoral Research Fellow, The University of Queensland
