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Next Mining Boom in Australia: Tech Metals for Renewable Energy and Technologies

This unit outline provides information about the course HI5003 Economics for Business offered by Holmes Institute in 2018.

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Added on  2023-06-13

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This report analyzes the changing scenario of the Australian mining industry with economic theories and provides recommendations to gauge the situation. It highlights the recent production of tech-metals from Australian mines that will provide a much-needed boost to the industry and stimulate economic growth.

Next Mining Boom in Australia: Tech Metals for Renewable Energy and Technologies

This unit outline provides information about the course HI5003 Economics for Business offered by Holmes Institute in 2018.

   Added on 2023-06-13

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Running head: ECNOMICS FOR BUSINESS
Economics for business
Name of the student:
Name of the University:
Author note
Next Mining Boom in Australia: Tech Metals for Renewable Energy and Technologies_1
1ECONOMICS FOR BUSINESS
Executive summary:
Australian mining industry is one of the essential sector for the country’s economy and since
a long time it has been facing growth. However, recently it has been seen that there is
reduced demand for the Australian mining products in the world market. Recently due to
presence of tech-metals in the Australian economy, demand has again started to rise. This
report was aimed to analyze the selected newspaper report with the various economic theories
and trace the changing scenario of the Australian mining industry. In addition to this through
analysis it has tried to find the affected stakeholders and will provide recommendation to
gauge the situation. From the analysis of the selected article it can be found that the
Australian mining industry has been facing tough competition from the international players
since a 2006 and it has reduced the demand of the Australian mining products in international
products. However, recent production of the tech-metals from the Australian mines, the
report argues that it is going to provide much needed boost to the Australian mining industry
as well as stimulus to the economic growth of the nation.
Next Mining Boom in Australia: Tech Metals for Renewable Energy and Technologies_2
2ECONOMICS FOR BUSINESS
Table of Contents
Introduction:........................................................................................................................................3
Review of the selected article:.............................................................................................................3
Affected stakeholders’ issues:.............................................................................................................4
Interpretation of the case with economic theories:...........................................................................4
Recommendations to realign the situation:.......................................................................................5
Conclusion:..........................................................................................................................................6
Reference:............................................................................................................................................7
Next Mining Boom in Australia: Tech Metals for Renewable Energy and Technologies_3

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