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. "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 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.said in June it expects to spend more than $1 billion a year on battery raw materials from Australia given the country's reliable mining industry and responsible production practices. It signed a deal in July to take nickel from BHP Group
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