Australia's copper boom contrasts with coal sector decline

Australia's resources sector shows a clear divergence: copper mines attract strong investment driven by EV and data center demand, while coal operators face a structural decline despite a recent demand uptick. The CSA copper mine in Cobar, NSW, owned by Harmony Gold, is expanding output from ~30,000 tons annually, underscoring the shift. This reflects a broader global transition in energy metals, with copper's strategic importance rising.