According to a new report "Li-ion battery cathode manufacture in Australia" by the Future Battery Industries Cooperative Research Centre (FBICRC), the global automotive lithium-ion battery market is projected to reach USD 95.3 Billion by 2030 growing at an annualised rate of ~11%. In Europe alone, 500 GWh/annum of battery factories has been announced to be commissioned by 2025. The battery value chain supporting this growth offers opportunities to Western Australia given its endowment of key mineral resources and emerging technical grade battery chemical industry.
The report was "commissioned to establish the economic feasibility and supply chain requirements for precursor manufacture in Western Australia at industrial scale", and is "one of a series of scene setting projects commissioned by the FBICRC to set direction and inform its initial research portfolio" with the step to battery cathode active material and cathode precursor production, a key focus.
The research details recommendations for cost effective, sustainable production of superior quality nickel-rich NCM (nickel cobalt manganese) battery cathode active material (CAM) and the supply of relevant precursor chemicals within Australia, while minimizing wastes. It will inform the FBICRC industry and research participants who have invested significant time and money in developing a proposal for a Cathode Precursor Production Pilot Plant project in Western Australia which is currently being scoped and costed.
Read the full report