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The battery revolution starts in Western Australia

Elizabeth Quay, PerthElizabeth Quay, Perth

WA is the only jurisdiction in the world with the capability to produce all materials used in the production of cathodes and anodes for lithium-ion batteries

Western Australia is uniquely positioned to capitalise on this new market opportunity through its production or possession of all core battery materials: lithium, graphite, cobalt, manganese, vanadium and nickel.

The global battery market has entered a period of rapid growth on the back of an increased demand for mobile phones, electric vehicles and large-scale residential power storage in recent years.

The BP Energy Outlook 2018 report forecasts there will be 300 million electric cars by 2040. Tesla is set to raise its production to 500,000 electrical cars in 2018 and the traditional global automotive sector as a whole is gearing up for the increased consumer demand for electric vehicles.  

For instance, Mercedes-Benz plans to invest $100 billion in electrified vehicles over the next years.

Toyota is investing $2.8 billion in R&D with a goal to increase annual sales of electrified vehicles to at least 5.5 million units by 2030, and Chinese Geely, owner of Volvo Cars, is investing over $5 billion in a new factory complex for EV’s in China. 

Equally, national governments like the UK, France, Netherlands and India are implementing ambitious policy changes, such as the ban of internal combustion engines, which will have significant impacts on projected demand for EV’s. The EU Battery Alliance recently reported that the global battery market will reach €250 billion by 2025 and implored European manufacturers to act fast in order to secure their place in the battery supply chain through developing a European battery industry.

All this market growth in the EV sector points to a significant increase in demand and competition for lithium-ion battery materials and a significant opportunity for investors.

Western Australia is uniquely positioned to capitalise on this new market opportunity through its production or possession of all core battery materials: lithium, graphite, cobalt, manganese, vanadium and nickel.  In fact WA is the world’s biggest producer of Lithium and in the top 5 for most other materials.

As the only jurisdiction in the world with the capability to supply all materials used in the production of cathodes and anodes for lithium-ion batteries it would be fair to claim the battery revolution happening right now starts in Western Australia.

Download a map of battery metals in Western Australia here.

How is our European office involved?

Our office is staying up to date with all the latest research around battery developments in Europe, Asia and Australia. We have attended and addressed several events and workshops this year including the Advanced Automotive Battery Conference in Mainz, the Batteries for Electric Mobility workshop in Paris, Battery Supply Chain Europe 2018 in Düsseldorf, and the Materials Research Exchange 2018 in London. 

For more information or if you are interested in investing into Western Australia’s battery metals sector please contact Jarrod Ferguson on jarrod@wago.co.uk 

Further reading on lithium:

‘Lithium to power the latest mining boom in Western Australia’  

‘The metal of the moment: Lithium’
 

 

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