Australia’s growing lithium demand dependent on global climate action: Treasury report

Global demand for Australia’s lithium is predicted to increase rapidly over the coming years, with the amount required based on how fast the world moves to limit climate change.

Australia’s position to take advantage of the demand for critical minerals could also be even stronger than anticipated, with about 80 per cent of the continent under-explored, the updated intergenerational report being released on Thursday highlights.

The report offers an assessment of the economy over the next 40 years and how changing demographics and other factors would interact with existing government policies.

It identifies critical minerals and advanced manufacturing as big opportunities to grow the economy over that timeframe.

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