Thursday, 29 December 2022

“Australia is the world's largest lithium producer, so why are battery startups leaving?” | ABC Australia

I've seen this story so often. Australia has a world-level technology, but it goes  overseas. The "Tyranny of Distance".

Australia currently supplies 60 per cent of the world's lithium and boasts bountiful deposits of almost every raw material needed to create lithium-ion batteries.

But the majority of those materials are destined for International markets.

Australian startups are being lured overseas to capitalise on the booming electric vehicle market and are calling on the federal government to match other countries that are spending big to manufacture batteries domestically. Read the full story