The ongoing conflict in the Middle East has cast a spotlight on the global reliance on fossil fuels and triggered calls for a more aggressive adoption of renewable energy. For Australia, the crisis represents a long-term opportunity as the country seeks to pivot its economic engine away from bulk commodities and towards critical minerals. While we believe there is substantial scope to ramp up critical minerals production in the coming decades, we don’t believe it will provide a full offset for the decline in traditional resources mining.
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