The electric vehicle is the biggest change to personal transport since the internal combustion engine replaced the horse-drawn carriage — and Australia has all the battery minerals needed to power the revolution.
abc.net.au/news/can-lucky-country-australia-become-a-battery-mineral-superpower/101358050"If you want to compare an EV battery to cooking, we have all the ingredients to make a delicious cake in our pantry," Ms Britt, a director at Geoscience Australia, said.
In Europe sales of EVs have overtaken diesel vehicles — a situation seemingly unthinkable a few years ago. The key question is: Will Australia capitalise on its natural resources advantage to become a superpower in the EV revolution?Australia is definitely at the head of the pack when it comes to mineral endowment, according to Ms Britt.
Australia's miners have wasted little time capitalising on the EV transition, which is fuelling huge demand for the minerals used in the batteries required to power the transition. "By 2050, we see demand for nickel and cobalt quadrupling from today and we also see the need for supply of copper and zinc to double by 2050," Mr Cooke said.According to Mr Cooke, big investments are going to be needed to ensure supply can keep pace with the rapidly increasing use of battery minerals.
"In a really optioned-up electric vehicle, you may have four to five kilos of rare earths in that vehicle." In the past year, leading EV maker Tesla has struck deals with miners ranging in size from behemoths such as BHP to small players including Liontown Resources, which is developing a lithium mine in WA and has also signed an agreement with Ford.For David Southam, the outgoing chief of nickel miner Mincor, the competition for supplies is having dramatic implications."Normally, they're so many steps removed from sourcing the raw material. But there's a race on for those raw materials.
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