BHP and Rio Tinto have announced plans to collaborate on mining up to 200 million tonnes of iron ore

China's rare earth exports in 2025 hit the highest level since at least 2014

Brazil broke its previous record of approximately 390 million tons set in 2018, setting a new annual export record.

India's crude steel production has been provisionall estimated at 14.147 million mt in December 2025

“The initial focus on antimony, gallium and rare earths will provide greater certainty for Australian projects, help attract further investment and assist the sector in managing potential future market disruptions.”

A combination of the two companies’ copper divisions would create an industry behemoth, able to draw on the experience, expertise and resources of both organisations.

Australia will prioritise antimony, gallium and rare earth elements as part of its A$1.2-billion strategic reserve

Australia’s mining industry could be on the cusp of another upswing, with 2026 shaping up as a potentially pivotal year for the sector.