The McGowan Government today welcomed the launch of the Association of Mining and Exploration Companies’ (AMEC) A lithium industry in Australia: A value chain analysis for downstreaming Australia’s lithium resources report.
The independent report is a call to action for Australia to capitalise on the estimated $2 trillion lithium value chain.
The report outlines how Australia can ensure that our future generations gain economic and social benefits, and become a global player in undertaking greater lithium downstream processing.
It recommends that government and industry work collaboratively to ensure the greatest possible return in a competitive global market.
Western Australian lithium projects that have ramped up production include Greenbushes, Mt Caitlin, Mt Marion and Pilgangoora.
Australia produces more than 60 per cent of the world’s lithium, which is a key ingredient in electrical vehicles and batteries for smartphones.