How do natural resources affect Australia's economy

Most of the land in the outback is barren and not good for farming, however, there is an abundance of natural resources found there. The natural resources found in Australia include sold, silver, uranium, coal, copper, and iron ore. Australia is a huge exporter of coal and iron ore. Australia mines more bauxite, titanium, and diamonds than any other country. Australia also leads in reserves of lead, cadmium, or nickel. Nearly $400 billion worth of metals, minerals, and fuels have been exported in the past twenty years. Natural resources make up 1/3 of Australia’s economy. Natural resources are also important to trade in Australia. A gold rush in the mid nineteenth century brought hundreds of thousands of people from England, Ireland, Germany, and China to Australia in hopes of finding wealth. The United States and China are very interested in the Uranium reserves in Australia for nuclear fuel.