How can Australia capitalise on the global lithium demand?

The Critical Minerals Association Australia details the essential steps Australia needs to take to realise its potential and become a lithium-producing superpower capable of dominating its growing international competition and supplying the global lithium demand.

Over a century ago, Australia’s first gold rush started in New South Wales and quickly spread across Victoria and Western Australia. Today, another commodity is having its heyday. Global lithium demand is soaring, with many traditional gold explorers and miners now seeking the sky-high prices of hard-rock lithium spodumene, an ore of the silvery-white alkali metal.

Recharge Industries leads the charge on bridging the gap across the lithium supply chain. The US-headquartered company recently bid on the collapsed UK EV battery manufacturing hopeful, Britishvolt, and cut a deal with Tees Valley Lithium, a British company focused on upgrading lithium spodumene at Port Headland and producing lithium hydroxide in the UK. Recharge is also planning to build Australia’s first EV Gigafactory in Geelong, Victoria.

Alkemy Capital Investments plc (LON:ALK, FRA: JV2) is focussed on developing projects in the energy transition metals sector. Alkemy’s wholly-owned subsidiary Tees Valley Lithium (TVL) is developing a state of the art lithium hydroxide plant at Teesside, UK. TVL is Europe’s largest independent and sustainable lithium hydroxide producer.

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