Australia has all the key critical minerals to power the next 100 years.
for the majority of lithium-ion battery manufacturing facilities. Other nations are striving to seek alternatives to the Asian country.Though Australia is the world's largest supplier of lithium, a vital battery metal, it currently sends most of its battery raw materials to be processed into components in China. Data compiled byrevealed that China has about 1,000 gigawatt-hours of cell manufacturing capacity, more than 80 percent of the world’s total.
"Australia is the new Saudi Arabia of the new energy age," Collard, a former PriceWaterhouseCoopers LLP partner, toldThe facility will have an initial annual capacity of two gigawatt-hours that can increase to a planned total of 30 gigawatt-hours. Collard also mentioned that the company has sales agreements with Indian energy storage projects.
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