An influential mining lobby has urged the McGowan Government to grasp the “once-in-a-generation” chance to make batteries in WA, saying it could deliver huge economic benefits to the State.
In a submission to a parliamentary inquiry, the Association of Mining and Exploration Companies said WA had natural advantages in lithium ion battery manufacturing and needed to exploit them.
Mines Minister Bill Johnston said there was “no question” WA had a finite chance to get a share of the lithium battery market but it was imperative to have a clear plan about how to build the industry.
AMEC said the global trade in lithium batteries was predicted to soar from $165 billion to an eye-watering $2 trillion over the next eight years and WA was “uniquely” placed to grab a big share.
It said 60 per cent of the world’s lithium supply was mined in WA, while “all of the other minerals necessary to domestically manufacture batteries” were found here.
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