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Aussie billionaires’ mining ventures falling flat

Production of lithium and nickel have ramped up in anticipation of EV demand, but EV industry growth is lagging behind.

Gina Rinehart is Australia's richest person with a wealth of A$37b.

Mining investments linked to Australia’s two richest people, Andrew 'Twiggy' Forrest and Gina Rinehart, are struggling for viability as prices plunge for so-called ‘new economy’ commodities lithium and nickel.

This week began with the news that Forrest will mothball the nickel mines in Western

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Lachlan Colquhoun Tue, 23 Jan 2024
Contact the Writer: lachlan@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
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Aussie billionaires’ mining ventures falling flat
Australia,
102401