The Department of Industry, Science, Energy and Resources is to deliver a global resources strategy over the next two years to strengthen Australia’s resources exports, secure new global markets and promote the country as a reliable and responsible supplier to the world.
Minister for Resources, Keith Pitt said the Strategy would help diversify exports and find new markets for Australia’s resources and technology.
“The Strategy will also support global demand for Australian resources as the world recovers from the impacts of the COVID-19 pandemic and help Australia build resilience to trade shocks,” Mr Pitt said.
“Australia’s resources sector more than lived up to its reputation as a dependable, resilient and efficient supplier of major commodities to the world throughout the COVID-19 pandemic,” he said.
“The new Global Resources Strategy will make sure Australian resources and innovation can build on that reputation and strength, to secure new markets and long-term benefits for the wellbeing of the sector and the Australian economy.”
Mr Pitt said the Strategy would help boost investment in regional Australia; create more jobs; support new investment in research; and support the commercialisation of alternative uses for some of Australia’s commodities.
“The Strategy will support the Australian resources sector to remain the world’s supplier of choice for our major commodities as well as our critical minerals and new energy resources, such as hydrogen,” he said.
“[It] will focus on building closer relationships with key trading partners through increased engagement at both Government and industry levels.”
Mr Pitt said the Strategy would also involve expert advice on opportunities for existing and emerging commodities such as hydrogen and critical minerals.
