The critical minerals agreement signed by Australia and the US will provide only a modest boost to activity in the near term. However, the deal highlights the opportunities that global fracturing presents for Australia. Specifically, if Australia can position itself as the predominant supplier of lithium to the US-aligned bloc, it could help offset some of the decline in the country’s traditional commodity exports over the coming decades.
Note: We'll be discussing the Australian Q3 CPI release and its implications for the policy outlook and financial markets in a Drop-In on Wednesday, 29th October. Register here for the 20-minute online briefing.
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