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Bye-bye, banks: Liontown’s wild ride reveals critical minerals truths

The harsh reality of where the ASX’s two biggest sectors – banking and mining – cross over has played out before our eyes.

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If the critical minerals sector is going to fill a giant, fossil-fuel-sized hole in Australia’s budget and economy for generations to come, it is going to have to do it without too much reliance on the country’s big four banks.

The harsh reality of where the ASX’s two biggest sectors – banking and mining – cross over has played out before our eyes at Liontown Resources, Australia’s pin-up critical minerals story.

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Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com

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    Original URL: https://www.afr.com/link/follow-20180101-p5jqhj