Resources and Mining

Australia is a land rich in natural resources, and we have often benefitted from the richness these resources provide us. As a major trading country, we are also economically dependent on these mineral and energy resources — particularly iron ore, uranium, and natural gas.

Given that we depend on these resources so much, economic downturns and the end of the mining boom in 2012 have shown just how much Australia relies on traditional mining projects.

Concerns about depletions and scarcity of resources, along with environmental considerations, have made it abundantly clear that new mining solutions and technologies are required if Australia is serious about the future of the industry.

The Demand for Resources

Despite the aftershocks felt at the end of the mining boom, Australia is still a world leader in mining and holds a top-five position as a producer of important commodities.

Growth in developing countries, such as China and India, has unsurprisingly led to an increase in demand for mineral and energy resources. This continued agreement with countries like China can only help us in an increasingly globalised sector.

Resources and Mining Investment

There are many new technological innovations that could change the face of the industry. With the electric car revolution coming, the value of metals and minerals like lithium, nickel and cobalt will likely improve. Precious and rare metals will also be in favour as the focus on renewable technology increases.

Australian miners are also changing conventional mining practises with the added use of automation to extract commodities more efficiently.

Despite recent downturns in the commodity market (made more unstable because of China’s slowing economic growth in industry and construction), the previous decline in resource sector investment is set to lift with these ‘green shoots’ and tech advancements.

There are still profitable mining stocks and resource shares out there — you just have to know how, and where, to find them.

Money Morning is a good place to start.

A Glimmer of Opportunity in Mining

Without mining, Australia’s economy would be a lot different. And probably a lot poorer. Indeed, my personal belief is that Australia must get cracking on things like renewable technology ASAP. Climate change politics aside, it’s a simple matter of hedging your bets.

Could Crypto Spark the Next Aussie Mining Boom?

And that’s where things get interesting. The word is, that by creating a digital non-US currency, these countries would want it backed by something. Backing it by fiat currency is somewhat pointless. That only creates a digital replication of the current problems they face.

You’ve Got 10 Months to Get out of Lithium Stocks

It’s fair to say the heat has come right out of the lithium market. And I’m here to let you in on a secret…it’s only going to get worse. If you’re holding bags of lithium stocks in the hope that things will only get better. Well, sorry, there’s a good chance they won’t. This means you’ve got a decision to make...
Money Morning Australia