Australia has unveiled a strategy for 24 key minerals including tungsten and cobalt

       According to foreign media reports, in order to make Australia the world's leading country in key mineral exploration, development, production and processing, Australia recently released the Australian Key Mineral Strategy 2019.

The report covers 24 key minerals, including lithium, gallium, titanium, chromium, manganese, vanadium, cobalt, tungsten, bismuth, antimony, magnesium, platinum metals, niobium, tantalum, beryllium, zirconium, rare earth, scandium, germanium, indium, hafnium, rhenium, helium and graphite.

Matt Kanavan, Australia's Minister of Resources and Northern Australia Affairs, believes that the current rise in global demand for key minerals provides an important opportunity for Australia's economic development. Australia is rich in key mineral resources. Increasing investment in key mineral exploration and development is conducive to Australia's economic growth and employment opportunities. To this end, Australia will implement the "3I" strategy, namely investment, innovation and infrastructure.

Not long ago, Australia published its first white paper on national resources in 20 years. Australia has 14 key minerals, including lithium, gallium and titanium, that are scarce or unproductive in the United States. Australia is now the world's largest lithium producer.

Australia's trade, tourism and investment minister, Simon Birmingham, said Australia's key mineral reserves are among the top in the world. Some of them are relatively mature, such as the lithium market, but others are still undeveloped and have great potential, such as cobalt.

Key minerals are very important for national defense, space, energy and advanced manufacturing. For Australia, these industries also have a lot of room for development. Australia's future challenge is how to attract domestic and foreign investment to develop key mineral projects, so that the mining industry to a new level.