Australia’s resources industry is rapidly losing its ­competitive first-mover advantage at the same time as the commodity price cycle has peaked, leaving us exposed to lower-cost rivals eyeing our major export markets.
That’s the dire warning contained in a report to be released by the Minerals Council of Australia today, which stresses that a lot of work needs to be done if we are to prevent being shut out by new, strong rivals………………………………………..Full Article: Source