Australia’s 5 Most Valuable Mineral Exports

Australia’s economy is largely based on its natural resources, with the minerals sector making the greatest contribution to the nation’s exports.

Four of Australia’s states and territories rank in the top 20 mining jurisdictions in the world, according to the Fraser Institute’s latest annual survey of mining companies: Western Australia (fourth), Southern Australia (seventh), Queensland (16th) and the Northern Territory (19th).

These mining jurisdictions demonstrate a high level of investment attractiveness mainly due to their mineral-rich geology, solid infrastructure, stellar economic environment and government support for the resources industry at both the federal and state level.

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One of the richest nations on Earth, Australia’s economy is built on mineral resources. Here’s a look at the country’s five most valuable mineral exports.

Where They Rank: Australian Mining Jurisdictions

Australia is well known as a prolific mining nation, with large sections of its economy built on mining since the mid-1800s onwards.

Minerals account for up to 60 percent of Australia’s export merchandise, according to Geosciences Australia, giving the mining industry a 12 percent share of gross domestic product.

But not all states in Australia are equal, with the premier jurisdiction and source of wealth being Western Australia, which takes up the western third of the arid continent.

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Here’s a look at Australian mining jurisdictions, including how much the country’s states export and how they compare to foreign peers.

How (and Why) to Invest on the ASX

Australia has earned its place as one of the world’s largest and most diversified economies, with nearly 30 years of economic growth without a recession prior to the COVID-19 pandemic.

Clocking in at number 13 globally, Australia’s economy is larger than that of Spain — which has twice the population — and World Bank data estimates that the country’s economy is worth US$1.33 trillion.

A huge part of Australia’s economy is locked up in mineral resources, which explains why the nation is home to the world’s largest mining company, BHP (ASX:BHP,LSE:BHP,NYSE:BHP), as well many of the biggest names in the sector globally.

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The ASX presents investors with opportunities to gain exposure to Australia’s strong economy and its solid domestic resources industry.

Best Lithium Stocks on the ASX

Click here to read the previous best ASX lithium stocks article.

The lithium market experienced another interesting year in 2020, but overall the battery metal demonstrated resilience in the wake of COVID-19.

Lithium prices nearly doubled in the first quarter of 2021, and the positive industry outlook has boosted lithium-mining stocks, including on the Australian Securities Exchange (ASX).

Here the Investing News Network takes a look at the five ASX lithium stocks with the biggest year-to-date gains. The list below was generated using TradingView’s stock screener on May 10, 2021, and includes companies that had market caps above AU$50 million at that time.

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The best ASX lithium stocks based on year-to-date gains are benefiting from improved conditions for the lithium market.

Best Gold Stocks on the ASX

Click here to read the previous best ASX gold stocks article.

2020 was a record-breaking year for gold, which surged above US$2,060 per ounce in August.

However, the yellow metal faced some downward pressure in the first quarter of 2021, falling below US$1,750 in March. The major forces acting against gold in Q1 of this year included rising US 10 year Treasury yields and the growing value of the US dollar.

However, there is still plenty of investor interest in the metal due to continued global economic uncertainty related to the COVID-19 pandemic. Supply is also a growing concern due to decreased gold exploration efforts over the last few years, especially among larger companies.

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Gold hit a record high in 2020, which has been a boon for gold companies even as 2021 begins. Here are the top-performing gold stocks on the ASX so far this year.

5 Australian Esports Stocks

With major esports tournaments garnering sponsorships from multinational companies, including Disney (NYSE:DIS), Intel (NASDAQ:INTC) and Coca-Cola (NYSE:KO), the esports market and gaming industry continue to gain traction worldwide.

Esports Earnings notes that prize money worth over US$955 million has been won within the esports industry over two decades, based on available public records. The largest prize pool was worth over US$34.33 million and was related to a Dota 2 competition in 2019.

Overwatch League, the largest esports league, has an impressive US$4.25 million in its prize pool for 2021, according to Esports Insider. Overwatch League is Activision Blizzard’s (NASDAQ:ATVI) official esports league for its hit first-person shooter game Overwatch.

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Australian esports stocks are making moves. Here’s a look at five small- to mid-cap companies that are listed on the ASX right now.

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