Picking critical minerals winners requires hard choices
Just as governments played a central role in the development of steel or aluminium industries, Australia needs a critical minerals’ industry policy to become a market leader in downstream processing.
If Australia wants to develop a critical minerals industry that moves it from being the largest exporter of raw minerals to a globally significant downstream processor with the high-paying jobs that brings, hard choices need to be made.
Inevitably, it will involve picking winners, not just of the minerals but also the companies that develop them. Call it the need for an industry policy.
Loading...
Patrick Gibbons is a former Tehran-based diplomat and partner at corporate advisory firm Orizontas.
