As governments throughout the nation search to capitalise on the rising demand for critical minerals and uncommon earths, consultants warn that, with out correct funding, Australia may miss out on a share of a a lot bigger business: electric autos.
Key factors:
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Australia’s enormous critical mineral deposits are being dug up and shipped abroad for processing
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An enormous share of the value-added market goes untapped
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Electric car business consultants say a nationwide technique is required for EV uptake
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 12 months is roughly $4 billion, of which Australia’s share is 10 per cent.
“And then you finally go to the products, the market that’s $4 trillion — Australia’s share of that is zero.”
‘Supplying domestic manufacturing is the dream’
Australia has critical minerals for electric autos, so isn’t it time for a domestic business? & More Latest News Update
Australia has critical minerals for electric autos, so isn’t it time for a domestic business? & More Live News
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Australia has critical minerals for electric autos, so isn’t it time for a domestic business? & More News Today
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