WA publishes prospectus to boost battery minerals investments

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Image credit: mediastatements.wa.gov.au

The Western Australian government has showcased the state’s battery and critical mineral industries to global investors in a new prospectus

Presented to potential investors in Germany by State Development, Jobs and Trade Minister Roger Cook, the paper highlights WA’s efforts to establish itself as a primary destination for investments in the battery and critical minerals market. 

The prospectus was developed in consultation with the Future Battery and Critical Minerals Industries Ministerial Taskforce, a coalition of leaders from resource companies, engineering firms, industry bodies, and union groups. 

“It outlines everything Western Australia has to offer, including our abundant and diverse resources, established mineral processing capabilities, and strong environmental, social, and governance credentials,” Cook said. 

Major downstream processing projects are also underway with three of the world’s largest lithium producers, namely China’s Tianqi Lithium, U.S.-based Albemarle, and Chile’s SQM. The companies have collaborated with Australian firms IGO, Mineral Resources, and Wesfarmers to build and operate battery-grade lithium hydroxide facilities in WA. 

The state is already a leading supplier of battery and critical minerals and is responsible for half of the global lithium production. It is also a major source of minerals essential to various clean energy technologies. 

“Western Australia’s status as a leading global supplier of battery and critical minerals is just the start of what the State has to offer investors around the world,” the minister added.