The Western Australian Government has launched a taskforce to develop a lithium and energy materials strategy following advocacy by the Association of Mining and Exploration Companies (AMEC).
The taskforce will report in November with recommendations of how Western Australia should respond to the battery minerals opportunity.
“The State Government has stepped up to clearly signal that WA is open for business and determined to play a much larger role in the lithium and battery minerals value chain,” AMEC chief executive officer Warren Pearce said.
“Today’s announcement is an important step to take leadership in a key global growth industry.”
A recent report commissioned by a group of AMEC’s lithium producers and explorer members outlined how the global lithium value chain will grow from $165 billion in 2017 to more than $2 trillion in 2025, and argued that Australia was uniquely placed to take advantage of this growth.
“This is a once-in-a-generation opportunity, the sort WA hasn’t seen since iron ore in the 1960s – today’s announcement is a first step to positioning ourselves to work our way further down the value chain,” Mr Pearce said.