Australia has critical minerals for electric autos, so isn’t it time for a domestic trade?

As governments throughout the nation search to capitalise on the growing demand for critical minerals and uncommon earths, specialists warn that, without correct funding, Australia may miss out on a share of a a lot bigger trade: electric autos. 

From making EV batteries to manufacturing the autos themselves, the additional you progress up the worth chain, the larger the potential market is.

According to Sustainable Minerals Institute deputy director Rick Valenta, the worth of all of the uncommon earths produced per yr is roughly $4 billion, of which Australia’s share is 10 per cent.

“And then you definately lastly go to the merchandise, the market that is $4 trillion — Australia’s share of that’s zero.”

‘Supplying domestic manufacturing is the dream’

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