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![]() Australia's Identified Mineral Resources 2023 World Rankings Last updated:1 March 2024 Australia’s EDR* of gold, iron ore, lead, nickel, rutile, uranium, zinc and zircon were the world’s largest in 2022 (Table 5). *Economic Demonstrated Resources (EDR) (Table 5). Another 14 commodities ranked in the top five for world economic resources: bauxite, black coal, brown coal, cobalt, copper, ilmenite, lithium, magnesite, manganese ore, molybdenum, silver, tin, tungsten and vanadium Australia’s ranking for economic resources of molybdenum rose from sixth in the world in 2021 to fifth in 2022 as economic resources in China were revised downwards and Australian resources increased. In 2022, Australia was the top global producer for bauxite, iron ore and rutile (all bulk commodities), as well as lithium which is important for battery storage technologies. Australia was the second largest producer of lead and zircon; The third largest producer of gold, manganese ore, rare earths and zinc; The fourth largest producer of cobalt and uranium; The fifth largest producer of black coal, nickel and tantalum (Table 5). During 2022, Australia was a reliable and responsible top five producer of 15 minerals and metals, of which eight are listed in Australia as Critical Minerals and two are listed as Strategic Materials 13. Another 14 commodities ranked in the top five for world economic resources: bauxite, black coal, brown coal, cobalt, copper, ilmenite, lithium, magnesite, manganese ore, molybdenum, silver, tin, tungsten and vanadium (Table 5). Australia’s ranking for economic resources of molybdenum rose from sixth in the world in 2021 to fifth in 2022 as economic resources in China were revised downwards and Australian resources increased. In 2022, Australia was the top global producer for bauxite, iron ore and rutile (all bulk commodities), as well as lithium which is important for battery storage technologies. Australia was the second largest producer of lead and zircon; The third largest producer of gold, manganese ore, rare earths and zinc; The fourth largest producer of cobalt and uranium; and the fifth largest producer of black coal, nickel and tantalum (Table 5). During 2022, Australia was a reliable and responsible top five producer of 15 minerals and metals, of which eight are listed in Australia as Critical Minerals and two are listed as Strategic Materials. Sources United States Geological Survey (Mineral Commodity Summaries 2023), International Atomic Energy Agency/Nuclear Energy Agency (Uranium 2022: Resources, Production and Demand), World Nuclear Organisation (Uranium Production, Figures, 2013-2022, May 2023 update), Federal Institute for Geosciences and Natural Resources, Germany (Energy Study 2021). © Commonwealth of Australia (Geoscience Australia) 2021 Visit: https://www.ga.gov.au/aimr2023/world-rankings for an up to date table Economic Demonstrated Resources (EDR) As defined by the Australian Bureau of Statistics (ABS): "EDR is a measure of the resources that are established, analytically demonstrated or assumed with reasonable certainty to be profitable for extraction or production under defined investment assumptions. There is an incredible amount of information available at https://www.ga.gov.au/aimr2023
Disclaimer: The author of this post, may or may not be a shareholder of any of the companies mentioned in this column. No company mentioned has sponsored or paid for this content. |
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