A KPMG survey found that Australian miners were considering portfolio changes to take advantage of demand for criticalminerals ElectricVehicles NetZero mining resources lithium
PERTH – A survey conducted by advisory firm KPMG has revealed that a significant number of Australian mining companies would change their portfolio of products towards future-facing commodities in 2023.said the economic shift toward a low-carbon future was seen by mining executives as an opportunity for metals and mining companies.
“We estimate lithium production would need to grow by around 12% a year every year until 2050 to produce enough of that mineral to have two-billion EVs on the roads. Given that lithium production is expected to grow at nearly double that pace in the near term, and that lithium investment is likely to accelerate, rather than slow, that pace of growth over time is reasonable.
“What’s more, the significant volume of investment that is set to take place should support supply in Australia over the next decade. We see the incentive to increase lithium mining is set to rise and that means not just production but also refining.”
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