Invest in a Globally Significant Region
South Australia exports almost one-third of Australia’s mined copper and over half of Australia’s mined uranium. Mineral exports are the largest export sector in South Australia totalling $3.4billion and accounting for 29% of total state exports. By 2030, South Australia will be the major contributor to Australia’s position as the world’s third-largest copper producer.
The South Australian state government recently gave its own vote of confidence on the region’s future, investing $660 million dollars redeveloping the Port Pirie base metals smelter, transforming the facility into an advanced polymetallic processing and recovery facility.
South Australia remains a highly attractive destination for investment in the minerals sector achieving 14th place globally for Investment Attractiveness in the respected Fraser Institute Annual Survey of Mining Companies in 2017.
Invest in Base Metals
Base metals are one of the most fundamental minerals produced for the modern economy, and metals such as copper, zinc, nickel, lead, and aluminium are key components that support sustained economic growth.
Metal prices have risen in five out of the past six quarters due to strong demand—particularly in China’s property, infrastructure, and manufacturing sectors.
Invest in a Renewable Future
There are two key trends that will continue to drive base metal demand, clean energy and the electrification of everything.
There is a rush to replace current power generation sources on the grid with cleaner alternatives. Solar and wind are expected to see the largest growth by 2014 – both require considerable input from base metals.
China EV Consumption Drives Demand
Latest forecasts show sales of electric vehicles (EVs) increasing from a record 1.1 million worldwide in 2017, to 11 million in 2025 and then surging to 30 million in 2030. China will lead this transition, with sales accounting for almost 50% of the global EV market in 2025.