Critical minerals: the quiet achievers gallium and germanium

June 24th, 2024

While small in volume, Australia’s hidden treasures hold big potential for the global critical minerals market.

Australia exports around one billion tonnes of iron ore each year and 300 tonnes of gold. Yet, beyond these well-known commodities lies a suite of lesser-known minerals, which are critical for the world’s advancement.

Critical minerals are designated critical for their essential role in modern technologies. They are identified as critical based on a number of factors including supply chain security, economic benefits and strategic importance.

Australia already packs a punch in global critical mineral supply, producing 14 of the 31 minerals listed in Australia’s Critical Minerals List. However, as the world’s reliance on technology increases, and countries transition to renewable energy, there is an opportunity for Australia to grow its stake further.

Further information here.