Bang on for Canada as well.  Just substitute Canada for Australia and lets send China and Australia packing without our natural resources.  Time to let it be known Canadian minerals will stay owned and processed by Canada.  Hello JT....?????

==============================================

https://www.kitco.com/news/2021-06-24/Battery-demand-to-increase-9-to-10-fold-over-next-decade-Accenture.html

Battery demand to increase 9- to 10- fold over next decade - Accenture

Michael McCrae Thursday June 24, 2021 24:38

 

Technological improvements, falling costs and regulatory requirements are super-charging battery uptake, according to a report by Accenture.

The report was prepared for Australia's Future Battery Industries Cooperative Research Centre (FBICRC), which published the findings today. The FBICRC is an industry-university-government alliance focused on accelerating "...industry expansion and grow a vibrant, emerging battery industry sector."

The author's of the study write that battery technology and manufacturing has matured rapidly since 2010, with unit prices decreasing by 88%.

"Batteries are now the preferred technology for electric vehicles, massively outpacing hydrogen fuel cells and increasingly cost competitive with internal combustion engine vehicles," writes the report authors.

"In stationary energy storage, batteries account for almost half of all new projects globally. Advances in re-use and recycling are creating the potential for a battery circular economy. As a result, demand is now forecast to accelerate, increasing 9- to 10-fold over the
next decade – more than solar PV grew over the last decade."

Accenture forecasts that sales of batteries are expected to reach US$133-151 billion by 2030.

"The largest segment will likely be electric vehicles, but on-grid energy storage appears set to be the fastest growing."

The report notes that Australia is well endowed with materials needed to make batteries, but it lacks a manufacturing sector focused on the space.

"Australia has missed opportunities in clean energy manufacturing before. Despite world-leading research on solar PV and rapid uptake by households, Australia never established a significant PV manufacturing industry. The most immediate opportunities are for Australia to expand into the refining of battery materials – where substantial investments are already being made – and then production of active materials, both segments where colocation with raw materials can generate cost advantages."

By Michael McCrae

For Kitco News