Partners in Performance ANZ director, Michael Huggins, explains how the heightened demand for critical minerals has pushed up the price of raw materials, potentially reversing the progress of clean energy technologies.
But there is a sweet spot that could benefit Australia. We can play a key role in stabilising the global markets and supply chain for these critical minerals. Australia can source minerals in environmentally and socially responsible ways due to its strong and efficient regulatory environment.
Workers involved in the sector are also protected. This sets Australia apart from its competitors that may operate at a lower cost, but at the expense of the environment or its workforce.