Mining firms have unveiled a blueprint they say could transform Australia into a global battery development hub— and grab a multi-billion-dollar slice of the “lithium value chain”.
A new report from Australia’s Association of Mining and Exploration Companies (AMEC) calls on the federal government to declare battery minerals processing an “industry priority”— and use tax breaks and other incentives to entice global industry giants to the country to kick-start a domestic battery industry.
Australian miner Kidman Resources has signed a three-year fixed-price deal to supply battery raw material to Tesla.
Kidman said details of the take-or-pay agreement for lithium hydroxide, which includes options to extend, remain confidential.
Canadian development firm Nemaska Lithium has announced the production of 1.5 tonnes of battery grade lithium hydroxide produced from its Wabouchi spodumene mine in Quebec.
Nemaska president and CEO Guy Bourassa said: “This is the first time a new entrant to the market has produced battery grade lithium hydroxide from ore to final product.”