Forecast: Output of Metal Ores Mining in Australia

The output of metal ores mining in Australia has exhibited significant growth over the last decade, rising from AUD 112.94 billion in 2013 to AUD 355.1 billion in 2023. The year-on-year growth has shown notable fluctuations, with major increases in 2020 and 2021 at 34.07% and 21.55% respectively. The compound annual growth rate (CAGR) over the last five years (2019-2023) stands robust at 22.14%. Looking forward, the forecast predicts a continued positive trend with an expected 5-year CAGR of 7.86%, and a total growth rate of 45.99% by 2028.

Future trends to watch for:

• Technological advancements in mining techniques improving efficiency and output.
• Increased global demand for key metals driven by the green energy transition.
• Potential regulatory changes impacting mining operations and environmental policies.
• Investment in infrastructure and expansion projects contributing to higher production capabilities.