Western Australian producers with decarbonisation exposure experienced a $23bn market value loss amid rising gold prices.
A Deloitte report shows that Western Australian producers with exposure to decarbonisation and battery minerals experienced a $23bn market value loss during the last financial year. Despite this, gold prices continue to rise, driving merger and acquisition activity within the mining industry. Deloitte's report urges industry and government to ensure the value of Australia's critical minerals, such as lithium, nickel, and rare earths, is recognized in international markets, and that potential rules favoring sustainably and ethically produced minerals should be considered.
August 04, 2024
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