Jan 30, 2018

Australia urged to capitalise on battery market

Australia urged to capitalise on battery market

A mining group has made a ‘call to action’ for Australia to secure a stronger role in the growing lithium-ion rechargeable battery sector.

The Association of Mining and Exploration Companies (AMEC) today launched the report “A lithium industry in Australia: A value chain analysis for downstreaming Australia’s lithium resources” by Future Smart Strategies.

It outlines the opportunity Australia has to expand along the estimated $2 trillion lithium value chain in the next two years.

AMEC chief executive officer Warren Pearce.

“This report is a call to action; there is a unique opportunity for Australia to undertake greater lithium downstream processing,” AMEC chief executive officer Warren Pearce said.

Mr Pearce said Australia produced more than 60 per cent of the world’s lithium and all of the other minerals (other than soda ash) needed to manufacture lithium rechargeable batteries.

“Australia has a series of comparative advantages that we can capitalise on, if Government and industry collaborate to achieve greater downstream processing,” he said.

“It is important that all levels of Government engage with industry to grasp this opportunity.  We need Government to support industry to create new jobs and revenues for local communities.”

“We have a window of roughly two years before it is set where battery components and batteries will be manufactured and by whom.

“If we work collaboratively Australia could take a leading role in one of the breakthrough energy technologies.  The time to act is now.”

AMEC acknowledged the support of Neometals, Lithium Australia, Altura, SinoSteel, Coogee Chemicals and Pilbara Minerals in producing the report.

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