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The State Government’s Future Battery Industry Strategy for Western Australia
The rapid uptake of electric vehicles and battery-based energy storage systems around the world is driving global demand for lithium-ion batteries. Electric vehicle and battery manufacturers are securing sources of minerals, materials and components to meet this increase in demand representing a significant opportunity for the State.
Western Australia has substantial reserves of all the battery minerals used in the manufacture of rechargeable batteries, including: large quantities of lithium, nickel, cobalt, manganese and alumina. WA is the global leader in lithium production and is also home to the fourth largest vanadium and manganese resources, the second largest reserves of cobalt and the largest nickel resources. It also produces non-battery minerals used in the manufacture of electric vehicles and energy storage systems, including rare earth elements that are necessary for the production of electric motors.
The State Government is committed to growing the State into a leading exporter of future battery minerals, materials, technologies and expertise. The Future Battery Industry Strategy aims to grow Western Australia’s future battery industry and transform it into a significant source of economic development, diversification, jobs and skills.
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On 24 May 2018, the State Government announced the establishment of a Ministerial Taskforce to capitalise on the State’s potential to produce and process future battery minerals to support industry growth.
The Western Australian Future Battery Industry Strategy provides a framework for the State Government’s leadership to build upon its demonstrated expertise in the future battery industry and promote its significant competitive advantages.
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