That’s according to Curtin University Professor of sustainability Peter Newman who said WA had suddenly become critical to security of supply for battery metals.
“We are the only place in the world that has them all,” he said.
“Not only do we have the resources but we also have the technological capability and skilled workforce to service this emerging industry.
“The world needs us and we can create ‘Lithium Valley’ to service this need.”
Yesterdays, report by the Regional Development Australia (RDA) outlined how WA stands to gain 93,000 jobs and a $56 billion shot in the arm of its economy by 2025 if it expands its lithium and new energy downstream economies. Such as Lithium-Hydroxide and Condensate processing, battery cell production and assembly are all sectors that extend well beyond just exporting raw materials.
The state of Western Australia has plentiful lithium reserves and supplies of every metal required for battery production like cobalt, manganese, vanadium, nickel, copper, tin and rare earths.
The recommendations include the establishment of a specialised lithium industrial park in Kwinana and a rethink of a royalties system that would incentivise secondary processing and disincentivise the direct export of raw materials (DSO).
WA Liberal Senator Linda Reynolds said the report was ground breaking but there was only a small window to get it right.
“It very clearly shows what the opportunities are but what we need now is a plan to realise it,” she said.
Ms Reynolds said both state and federal governments needed to start looking at incentives and going overseas to build awareness over the stability of WA’s lithium and other energy metal supply.
Curtin professor of sustainability Peter Newman and Mines and Petroleum Minister Bill Johnston said the state government’s lithium and energy materials taskforce, which he chairs, would developed a strategy for the downstream processing of battery and energy materials in WA.
He said the taskforce would assess the range of recommendations from the RDA report, and others, as the strategy develops.
Mr Johnston will chair the first lithium industry consortium on July 19, which he said would identify how to increase WA’s potential in lithium and energy materials across the entire battery materials value chain by hearing from those working in the sector.
*The World needs us*
That’s according to Curtin University Professor of sustainability #PeterNewman who said WA had suddenly become critical to security of supply for battery metals. #lithium #lithiumvalley
— Lithium WA (@LithiumWa) July 17, 2018