Australian critical minerals update – December 2024

Australia’s lithium export earnings are forecast to fall from $9.9 billion in 2023–24 to $6.5 billion in 2025–26 compared to September 2024 forecast of 8.2 billion in 2025–26. The fall will be driven by a weaker lithium price, with Australian mine output expected to average 9% annual growth over the outlook period (even incorporating recent production curtailments at some mines). […]