“Western Australia doesn’t capture enough of the Lithium value chain.” That’s according to InfraNomics Director Cameron Edwards who told a gathering of investors and mining companies in Perth.
The key is Downstream processing. Secondary processing is what happens after Lithium Hydroxide and carbonate is produced.
“Secondary processing is moving beyond the lithium hydroxide, lithium carbonate and it’s about how we bring these companies – which are primarily Japanese, Korean and Chinese – to Australia to operate here,” he said at the Association of Mining and Exploration Companies (AMEC) convention yesterday.
The International Energy Agency estimates that the number of electric cars on the road will reach at least 125 million – but could be as high as 220 million – by 2030. Each electric vehicle needs approximately 65kg of Lithium-Ion.
This represents a massive once in a life time opportunity for Western Australia.
Mr Edwards says governments and industry must work together because the window of opportunity for Australia to step up and take a greater share of the lithium market is closing.
“It’s very important that happens in the next 12 to 18 months – maximum 18 months,” he said.
Australia captures only 0.5% of the #lithium value chain — and must move downstream into processing if we are to benefit from the #ElectricCar revolution, @InfraNomicsau told the @amec_org #AMECConvention in Perth. #EVs #ausbiz #mining https://t.co/1clckuTU1y
— Stockhead (@StockheadAU) June 13, 2018