Australia must address capacity constraints or risk losing further share of world minerals market
Australia has already lost market share to international competitors in the race to meet the strongest global growth in demand for minerals and energy in a generation and could lose more if capacity constraints are not addressed, new research has found. The research by Access Economics, which was commissioned by the Minerals Council of Australia (MCA), showed that if Australia had maintained its global market share between 2002 and 2007, the minerals industry would have earned another A$17 billion in today’s prices - the equivalent of 1.6% of nominal national income in 2007. (more…)
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