Strong international demand for Australian resources and energy
Strong international demand for Australian resources and energy The fallout from Russia’s invasion of Ukraine is driving continued strong demand for Australian resources and energy as many Western nations move away from Russia to find alternative sources of supply. The Australian Government’s June 2022 Resources and Energy Quarterly (REQ), from the Department of Industry, Science and Resources, said international demand has led to a further surge in the price and export value of many of Australia’s resource and energy commodities over the past three months. At the same time, commodities that are essential for electric vehicles, batteries and the transition to cleaner energy are also experiencing strong demand growth, with the value of...