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Australia holds $1.34 trillion worth of copper reserves, more than the value of untapped gold

Pelican Press

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Australia holds $1.34 trillion worth of copper reserves, more than the value of untapped gold

There are tens of trillions of dollars worth of mineral wealth yet to be unlocked in Australia, according to a new global report commissioned by The Gold Bullion Company.

The England-based metals trader found Australia is the eighth largest producer of copper in the world, churning out about 819,000 metric tonnes a year, but hosts about 100 million metric tonnes of the metal that is yet to be mined.

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