Thursday 18th Aug, 2022

WA launches new battery and critical minerals prospectus

lithium processing

The Western Australian Government has launched a new prospectus to promote the state’s battery and critical mineral industries to investors around the world.

State Development, Jobs and Trade Minister Roger Cook shares the prospectus with key international partners in Germany this week.

The prospectus outlines how WA is establishing itself as a destination of choice for investment across the battery and critical minerals value chains.

“The WA Government’s new prospectus highlights investment opportunities across the battery and critical minerals value chains, including manufacturing and exporting battery-grade materials,” Cook said.

“It outlines everything Western Australia has to offer, including our abundant and diverse resources, established mineral processing capabilities, and strong environmental, social and governance credentials.

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“I look forward to sharing the prospectus with potential investors and key partners from around the world and discussing the opportunities offered by Western Australian industries.”

WA accounts for half of global lithium production and is a major exporter of nickel, cobalt, manganese, and rare earths.

These minerals are essential to a range of clean energy technologies, including rechargeable batteries, electric vehicles, and wind turbines.

Major downstream processing projects are also underway with three of the world’s largest lithium producers – Tianqi Lithium (China), Albemarle (United States) and SQM (Chile) partnering with Australian companies IGO, Mineral Resources and Wesfarmers to build and operate battery-grade lithium hydroxide facilities in WA.

WA Mines and Petroleum Minister Bill Johnston said the state is leading the nation in growing battery and critical mineral industries.

“The State is already home to a number of Australian firsts, including lithium hydroxide, nickel sulphate and rare earth facilities,” Johnston said.

“We know that attracting new investment and establishing strategic relationships with key international partners is crucial to the future development of the State’s battery and critical minerals industries.”

Since the mid-2010s, WA has attracted more than $9 billion of investment for a range of battery and critical mineral projects, including the establishment of globally significant mineral processing facilities.

Through the WA Recovery Plan, the McGowan Government has committed $13.2 million to facilitate global investment in precursor cathode manufacturing in WA.

The prospectus was developed in consultation with the Future Battery and Critical Minerals Industries Ministerial Taskforce, which includes leaders from resource companies, engineering firms, industry bodies and union groups.