Critical minerals put WA on the map
October 24, 2019
A previous post covered the USA’s interest in WA’s critical minerals. https://griffin-group.com.au/news/potential-usa-trade-deal-to-create-6000-jobs/
Another recent article in The West touches further on overseas interest in WA’s critical minerals by global brands including Google, Verizon, Samsung and even German car manufacturers.
Rare earths including cobalt, nickel, copper and vanadium which are in abundant supply in WA are all integral inputs used in products like IPhones. These rare earths are crucial to Google’s business model so it is only a matter of time before Silicon Valley giants shore up their own supply by either setting up their own mine or negotiating their own direct supply of these critical resources.
But why WA when China already has a well-developed rare earth industry?….according to Association of Mining and Exploration Companies CEO Warren Pearce….“When it comes to mining Australia you know perfectly well companies are reputable, the system is regulated and they have a strong environmental licence.”
More mining and demand for our minerals and resources will be only strengthen WA’s economy, so we welcome the interest in our resources sector.
This article is a summary of Tech giants eye mines by Tom Zaunmayr featured in The West Australian Thursday October 10 2019