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Western Australia takes step-up in battery chemicals production

Western Australia takes step-up in battery chemicals production

8/3/2021 11:20:00 AM

Western Australia takes step-up in battery chemicals production

Western Australia is preparing to take a bigger slice of the booming global battery market, forecast to grow to $150 billion by 2030, as it moves beyond mining lithium and nickel into chemical processing.

(BASFn.DE)is part of a pilot project with a state government research body to build a precursor chemical plant to blend the feeds used by battery makers.As investors and electric vehicle makers look for supply chains away from dominant producer China, Australia believes it can compete on price and is banking on what it says are its solid credentials in responsible production.

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"It's the chemical steps that are attractive here in Australia," state mining minister Bill Johnston told Reuters, adding end users could be confident that processing was done to high environmental, social and governance (ESG) standards.

"The next step is to talk to international investors to move further down into chemical processing, either a precursor chemical plant or a cathode active material plant. We believe that we have a strong business case for investment."Cathode active materials give batteries different characteristics depending on the types and combinations of metals used, such as lithium, nickel and cobalt.

Electric vehicle maker Tesla Inc(TSLA.O) Read more: Reuters Top News »

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