Australia Cobalt Sector Set For Long-Term Growth – Report



Australia’s cobalt mining sector will experience positive growth in 2020 as the mining sub-sector emerges unscathed from the covid-19 pandemic, according to Fitch Solutions’ latest industry report.

Fitch predicts Australia’s cobalt mining sector will experience 4% y-o-y growth in 2020. As of November 5, Australia had 27,634 cases of coronavirus, demonstrating a significantly smaller outbreak than other major markets. Early on into Australia’s preventive measures, the government declared mining an essential business, enabling cobalt mining operations to resume.

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