Western Australia Seeks Greater Share Of Booming Battery Market
Aug. 25, 2021
Australia aims to attract investors and electric vehicle makers looking for supply chains outside of China.
Western Australia wants in on the booming global battery market. According to an article from Reuters, Australia plans to go after a bigger share of the market as it moves beyond mining lithium and nickel into chemical processing.
According to Reuters, three large battery makers will come online in the next several months and BASF is set to build a precursor chemical plant as part of a pilot project with a state government research body. Australia also aims to attract investors and electric vehicle makers seeking supply chains outside of China. The global battery market is reportedly forecast to grow to $150 billion by 2030.
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