- Write by:
-
Wednesday, July 20, 2022 - 13:27:35
-
595 Visit
-
Print
Mining News Pro - Lithium powerhouse Australia, which produces about half of all unprocessed supplies of the raw material, needs to add capacity in refining and manufacturing to help the world meet surging demand for batteries, according to Tesla Inc. Chair Robyn Denholm.
Tesla alone will need more than 3 terabyte hours of lithium-ion batteries for electric vehicles and energy storage by 2030, compared to the industry’s current global capacity of about 1 terabyte, Denholm, who has helmed the automaker’s board since 2018, said Tuesday in Sydney.
“I can’t think of a technology that’s more important than lithium-ion batteries right now,” she said at the Australian Clean Energy Summit. “To meet the challenge of climate change this entire industry needs to scale at sprinting pace.”
Despite its vast mineral wealth, Australia accounts for only 7% of refined lithium supply and the nation can do more to use its advantages to develop production of specialist materials, battery cells and electric vehicles, according to Denholm.
“Australia has the minerals — not just lithium — and also the know-how and many of the skills to capture the opportunity of this new energy era,” she said.
Tesla and other carmakers have this year raised sticker prices, along with battery producers like Contemporary Amperex Technology Co. Ltd., in response to higher costs of raw materials, driven at least in part by demand that’s rising faster than production capacity. In lithium, almost $14 billion is needed to develop planned production capacity by 2025, according to BloombergNEF.
Australia’s government should also seek to introduce fuel-efficiency standards to accelerate the adoption of electric vehicles, Denholm said. EVs accounted for 2.4% of new passenger vehicle sales in Australia last year, compared to 4.5% in the U.S. and 20% in Europe, BNEF said in a May report.
“They must be strong standards,” Denholm said. “It’s no surprise that the cars on our roads are among the most polluting in the world. Australia currently accepts vehicles that the rest of the world doesn’t — they’re either too dirty or expensive to run.”
Short Link:
https://www.miningnews.ir/En/News/621786
Canada’s mining industry is pushing for an carveout to the federal government’s proposed increase to capital gains ...
London-based Savannah Resources will if necessary ask Portugal’s government to authorize compulsory land acquisitions ...
India is considering offering incentives to encourage private companies to set up lithium processing facilities, as New ...
London-based Savannah Resources will if necessary ask Portugal’s government to authorize compulsory land acquisitions ...
Australia will spend A$566 million ($373 million) over the coming decade to map out resource deposits with a focus on ...
Equinor on Wednesday said it has entered an agreement with Standard Lithium to acquire a 45% stake in lithium projects ...
China issued draft rules on Wednesday to regulate its lithium battery market, after rapid expansion in the sector hit ...
China’s Ganfeng Lithium Group Co. plans to pay about $408 million to buy out its partner in a lithium mine being ...
The secretary-general of the International Seabed Authority is set to run for a third term leading the United ...
No comments have been posted yet ...