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China's $120 Billion Mining Push Challenges Australia's Export Dominance

3/19/2026

Summary

Story summary

Climate Energy Finance says China's US$120 billion investment in global mining and processing since 2023 threatens Australia's export dominance in critical minerals.
The report notes China is diversifying supply chains, particularly in lithium and iron ore, reshaping global trade.
Australia, reliant on a dig-and-ship model, must act quickly to leverage its resource wealth and expand onshore processing to secure a stronger role in the emerging green economy.

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Story summary

Climate Energy Finance says China's US$120 billion investment in global mining and processing since 2023 threatens Australia's export dominance in critical minerals.
The report notes China is diversifying supply chains, particularly in lithium and iron ore, reshaping global trade.
Australia, reliant on a dig-and-ship model, must act quickly to leverage its resource wealth and expand onshore processing to secure a stronger role in the emerging green economy.