Australia Mining Industry Report: Navigating Normalisation

Australia’s mining industry remains a central pillar of the national economy. The sector contributes around 13–14% of nominal GDP, over 60% of total merchandise exports, and more than $450 billion in annual export earnings during the 2023-2025 period. The sector has transitioned from the extraordinary commodity price conditions of the early 2020s toward a more normalised operating environment, characterised by easing prices for energy transition minerals, resilient demand for bulk commodities and increasingly selective capital allocation.