Shift in demand for ‘exotic’ minerals resources could provide opportunities for Papua New Guinea

A shift in the resources industry is expected, with demand for more ‘exotic’ minerals increasing. But Justin Smirk, Senior Economist at Westpac Institutional Bank tells Business Advantage PNG that industry players must apply a long-term approach to reap the benefits.

Demand for minerals, including lithium, cobalt and nickel used to develop batteries, electric cars and other electronics, is likely to grow, says Westpac’s Justin Smirk.He describes the change as an evolution rather than an unexpected surge.

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