Western Australian Mines and Petroleum Minister, Bill Johnston, has launched the Association of Mining and Exploration Companies’ (AMEC) Critical Minerals Investment Opportunities prospectus.
The prospectus provides an informative investment guide to numerous critical minerals projects that are exploring, developing and producing throughout Australia.
Demand for critical minerals, particularly battery minerals, has grown exponentially and this is expected to continue to increase in the next decade.
It has been reported that the global lithium value chain is expected to grow from $165 billion to $2 trillion by 2025.
Nearly half of the 42 companies profiled are based in Western Australia including Australian Vanadium, Chalice Gold Mines, IGO, Mineral Commodities, Neometals, RareX, Pilbara Minerals, Tungsten Mining and Venturex Resources.
Minister Johnston said Western Australia is well-equipped to meet the global demand for critical minerals and is the best location to meet the demands for the ethical and sustainable production of critical minerals.
“Our state already has all the minerals you need to make batteries and it was recently confirmed that building a battery cathode manufacturing hub in WA is feasible.”
AMEC’s Critical Minerals Investment Opportunities prospectus can be found online here.