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. 20.05.2019
    20.05.2019
    by      In
    Industrial gas and engineering giant BOC used National Manufacturing Week to unveil its new Beacon IIoT technology, an Australian innovation set to transform the way its customers check, track, monitor and order gas worldwide.
    The new telemetry system connects the company’s bulk tanks and cylinders... Read More
  2. 17.05.2019
    17.05.2019
    by      In
    A new energy management system developed by the University of South Australia will be road tested during the 2019 Bridgestone World Solar Challenge through central Australia in October.
    UniSA PhD student Erika Belchamber has developed a technique that maximises efficiency in balancing solar input,... Read More
  3. 16.05.2019
    16.05.2019
    by      In
    The last few years have been tough for the oil and gas industry, resulting in some hard decisions around cutting costs and postponing projects. Thankfully, sentiment in the industry has recently been turning into one of cautious optimism. The time is now right to look at new technological... Read More
  4. 16.05.2019
    16.05.2019
    by      In
    Operating in 27 countries, Netherlands-based Boon Edam supplies security doors, gates and turnstiles to some of the world’s biggest companies and public agencies. Since establishing a permanent Australian subsidiary, Boon Edam has steadily provided its Australian, New Zealand and Papua New Guinean... Read More