The Reserve Bank of Australia is not expecting another epic mining boom from Australia’s production of critical minerals such as rare earths, lithium and copper, which may only partially offset the decline in fossil fuels during the energy transition.
The outlook for critical minerals was extremely uncertain and would depend on the speed of the rollout of renewable energy, the take-up of electric vehicles and the competitiveness of domestic production, the RBA said in a research paper published on Thursday.
Source: https://www.afr.com/policy/economy/rba-pours-cold-water-on-rare-earths-mining-boom-20251022-p5n4lc