Australian tech-metal companies see increase in overseas investment

By D H

There has been a resurgence in overseas investment in the Australian mining industry.

Australian companies that mine tech-metals have seen increased investment. The tech-metals complex is made up of metals and rare earths like lithium, cobalt and neodymium. 

These metals are used in technology platforms such as mobile phones, batteries, and magnets for renewable energy storage.

As ABC reported, CEO of Australian Vanadium Vincent Algar said: "There's groups out there that are starting to earmark themselves as 'green' investors, that are looking at mining stocks in this area."

Rare earth elements like neodymium are used to make batteries for electric cars.

Managing Director of Arafura Resources Gavin Lockyer said: ""A lot of brokers and investors have made money in the last 18 months in the lithium and cobalt battery technology space, and they're looking to continue that."

Source: ABC

 

Share

Featured Articles

Top 10 female executives leading Japan's charge for change

As Japan pledges a 30% target for women executives at big firms by 2030, we spotlight 10 female corporate leaders blazing a trail in the country

Top 10 most valuable unicorns in China – phones to drones

Home to the world’s most valuable unicorn, not to mention the fastest growing, China may be trailing the US on numbers, but it is catching up – and fast

Top 10 fastest-growing energy companies in the APAC region

Business Chief takes a look at the top 10 fastest-growing energy companies in the APAC region, according to rankings from S&P Global Commodity Insights

Top 10 Chief Financial Officers in India

Corporate Finance

Top 10 largest companies Malaysia and the CEOs who helm them

Leadership & Strategy

5 high-profile CEO moves across Asia-Pacific this month

Leadership & Strategy