In order to develop a sustainable pipeline of ‘new economy minerals’ projects into the future, the Queensland Government is investing in exploration activities to improve scientific understanding and supply the valuable geoscience data needed by industry to help locate and define deposits for future production.
What are new economy minerals and where are they found?
‘New economy minerals’ is an umbrella term for a range of metals and mineral elements used in many emerging technologies including electric vehicles, renewable energy products, low-emission power sources, consumer devices, and products for the medical, defense and scientific research sectors.
The term ‘new economy minerals’ refers to market conditions created by the fast-changing nature of emerging technologies. Demand for the materials used in their production can exceed existing global resource production, causing manufacturers and industries to seek secure, predicable supplies into the future. In turn, this increases trading prices, creating a ‘new economy’ for the metal or mineral element.
[An outstanding resource]
Managed & Built by I2M Consulting, LLC | © 2010-
