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. 19.09.2018
    19.09.2018
    by      In
    The Australian Made Campaign is providing some valuable support for the nation’s furniture manufacturers with its latest initiative, which urges local buyers to ‘take comfort in their purchase’ and choose genuine Aussie furniture, bedding and furnishings this spring.
    According to Australian Made... Read More
  2. 12.09.2018
    12.09.2018
    by      In
    Siemens has unveiled its new manufacturing facility in Yatala (Queensland), which has been set up to support the growing global demand for the locally developed Fusesaver medium-voltage circuit breaker.
    The new factory is part of an ongoing $25 million investment in manufacturing and research of... Read More
  3. 11.09.2018
    11.09.2018
    by      In
    APS Industrial has relocated its Melbourne base into an all-new 4500m2 head office and national distribution centre in Rowville. The new facility includes an interactive product showcase room and state of the art conference facility.
    According to APS Industrial MD David Hegarty, “Since our launch... Read More
  4. 10.09.2018
    10.09.2018
    by      In
    Kennards Hire Beenleigh has been named as the company’s Branch of the Year for 2018. The Beenleigh branch in southeast Brisbane outperformed all other Kennards Hire branches across Australia and New Zealand to take out the title.
    The metric used to decide the winner is the quality operational... Read More