none

LITHIUM PROCESSING HOLDS 2 TRILLION IN VALUE

01-02-2018
by 
in 

Australia currently produces more than 60% of the world's usable lithium, one of the most important materials in modern electronics and electricity storage. 

Unsurprisingly, Western Australia's Association of Mining and Exploration Companies (AMEC) is urging the federal government to expand Australia's value chain over the next few years, in order to maximise the value gained from Australia's unique global position.

AMEC has released a report by Future Smart Strategies, titled ‘A lithium industry in Australia: A value chain analysis for downstreaming Australia’s lithium resources’.

The report recommends that government and industry work collaboratively to ensure better possible return in the global market. It was supported by Neometals, Lithium Australia, Altura, SinoSteel, Coogee Chemicals and Pilbara Minerals.

In the report, estimates are made that put the potential value of lithium and lithium processing at two trillion AUD. 

“I welcome AMEC’s report and acknowledge the importance of developing further downstream processing opportunities in WA, which will help diversify our economy," said Western Australia Mines and Petroleum Minister Bill Johnston.

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

“Australia produces over 60% of the world’s lithium, dominating one end of the value chain. Australia also produces all of the minerals (other than soda ash) that are needed to manufacture lithium rechargeable batteries."

 

Related news & editorials

  1. 19.10.2021
    19.10.2021
    by      In
    There is no doubt that the recent AUKUS agreement between Australia, USA and the UK was a surprise to just about everyone on the planet!
    Taking a closer look into the government’s decision to commit to the AUKUS alliance, much of what has been reported by mainstream media has been inaccurate or... Read More
  2. 18.10.2021
    18.10.2021
    by      In
    Australian Resources and Energy Group AMMA welcomes today’s intervention of the Australian Government seeking to put an end to three months of damaging strikes at Fremantle Port.
    It has been reported the Australian Government has stepped in, utilising its powers under the Fair Work Act to seek an... Read More
  3. 18.10.2021
    18.10.2021
    by      In
    McCormick & Company Inc, a global leader in flavour, today announced plans to open a new, state-of-the-art, environmentally friendly, multi-purpose head office in Mentone.
    This new facility is currently under construction and is on schedule to provide a much-needed boost to manufacturing in... Read More
  4. 13.10.2021
    13.10.2021
    by      In
    Gladstone, Queensland is reported to be the site for iron ore giant Fortescue Metals Group to develop one of the world’s largest hydrogen manufacturing hubs.
    Fortescue Future Industries (FFI) revealed their recent proposal to build a Global Green Energy Manufacturing Centre (GEM), which will... Read More
Products
Suppliers