Growth in Australia’s mining exports to power economic recovery

The release of the Department of Industry, Science, Energy and Resources’ quarterly commodity outlook today has highlighted the vital role of the mining industry in powering Australia’s economy through the COVID-19 pandemic and its ongoing importance in leading our economic recovery.

After exceeding $300 billion in export revenue for the first time in 2020-21, Australia’s mining exports are now forecast to grow even further in 2021-22 and total $379 billion.

This record will be supported by many of Australia’s key mineral outputs including iron ore, coal, gold and copper as well as rising exports of battery minerals such as lithium and nickel.

In Australia, mining has been the largest contributor to economic growth over the last decade and the Department’s Resources and Energy Major Projects report, also released today, has shown the mining industry is well-positioned for future growth.

The report indicates there are over 250 projects under development in Australia that will drive future investment, create new jobs across the country and support higher export income in the future.

Australia is the leading mining jurisdiction in the world.  This is not just due to our outstanding natural resources, but built on the hard work of our people, solid partnerships with communities, investment in infrastructure and skills and government policies that promote a profitable and sustainable sector to encourage investment.

Australian miners produce commodities that are indispensable to life and necessary for economies around the world to flourish in a decarbonised future.

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