May 16, 2018

Industry push to exploit battery market

Industry push to exploit battery market

The Association of Mining and Exploration Companies today published its report outlining the next steps for governments to grasp the battery mineral processing and manufacturing opportunity.

The Path Forward: Supporting the development of a lithium and battery mineral industry in Australia (link here), follows the Future Smart Strategies Report commissioned by AMEC’s members that outlined a lithium value chain valued at over $2 trillion by 2025 (link here).

Western Australia mines 60 per cent of the world’s lithium and produces all of the other minerals necessary to construct batteries.

There are also lithium opportunities in north Queensland, including Lithium Australia’s projects in the Cape York, Georgetown and Greenvale regions, and Townsville has been earmarked as a potential lithium-ion battery manufacturing site by Magnis Resources.

The Path Forward outlines recommendations for the Federal and WA State Government to work with Industry, and each other, to deliver in six key areas:

  1. Leadership;
  2. Investment Attraction;
  3. Planning and Coordination;
  4. State Agreements;
  5. Financial Incentives;
  6. Research.

“There is a two-year window for industry and both tiers of government to act. This plan steps through what needs to be done to get further down the value chain,” AMEC chief executive officer Warren Pearce said.

 

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