The window is closing and Australia needs to act quickly if it wants to be a leading player in the $2 trillion value supply chain for Lithium.
A recent report commissioned by the Association of Mining and Exploration Companies (AMEC), says Australia must act quickly to take advantage of its leading position in the global lithium resources market.
Australia is in a strong position to gain significantly from its abundant lithium resource, but it needs to look further down the supply chain (ie Battery production) to ensure we capitalise on the Lithium rush.
The report, published by Future Smart Strategies on Tuesday, says that under a “business as usual” scenario, Australia would continue to “gain significantly” from lithium mining, but risked losing out on its share of the total market value, downstream.
“China has a range of government policy settings and industry support programs to drive growth of the lithium value chain from production to final consumption,” the report notes.
This includes both the adoption of electric vehicles and stationary storage, including the most recent announcement to phase out petrol- and diesel-fuelled vehicles.”
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