WA ready to lead Australia’s $7.4 billion battery industry

  • McGowan Government welcomes new report into Australia’s future battery industry
  • Report predicts industry could be worth $7.4 billion per year and create 34,700 jobs 
  • The McGowan Government welcomes the Future Charge: Building Australia’s Battery Industries report identifying Western Australia’s significant role in the global future battery industry.

    The independent report, prepared by Accenture for the Future Battery Industries Cooperative Research Centre, predicts the industry will contribute $7.4 billion per year to Australia’s economy and create 34,700 jobs by 2030.

    Demand for batteries in electric vehicles and energy storage systems is forecast to increase 10 times over the next 10 years.

    According to the report, Australia can compete in several segments of the global battery industry, including refining, active materials manufacturing and battery manufacturing.

    Western Australia is the only State to have a clear strategy to support the development of the industry and also has all the battery minerals needed to make a battery.

    Companies such as Tianqi, Albemarle, IGO and BHP Nickel West are positioning WA as a significant global producer and exporter of lithium hydroxide and nickel sulphate.

    The Department of Jobs, Tourism, Science and Innovation is actively engaging with global precursor cathode manufacturers to build a manufacturing facility here in WA. 

    To view the report, visit https://fbicrc.com.au/australias-7-4-billion-opportunity-in-future-battery-industries/

    As stated by Mines and Petroleum Minister Bill Johnston:

    “The McGowan Government’s Future Battery Industry Strategy recognises the potential our State has to become a world-leader in the export of future battery minerals and materials.  

    “I’m pleased to see the report confirm that Australia can compete in the manufacture of battery active materials, an initiative the McGowan Government has already committed to attracting with funding support.

    “I’m also keen to see the Australian Government’s Modern Manufacturing Initiative also commit funding to Western Australia’s industry.”

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