The Albanese government wants Australia to go as far as battery assembly and not settle for supplying the parts to foreign manufacturers.
Madeleine King insists Australia has a big future in critical minerals.The previous Morrison government established a $2 billion critical minerals fund and Labor – through Industry Minister Ed Husic – is developing a national battery strategy, while Ms King’s department is developing a revised critical minerals strategy.
Critical minerals experts such as former Pilbara Minerals boss Ken Brinsden have suggested Australia may struggle to compete as a battery manufacturer with allies such as South Korea and Japan, and Australia should instead seek to sell “cathode active materials” to those nations.
“Australia can play a really important role in that, and we should absolutely capitalise on each step of this pathway while we move to a full battery manufacturing industry. The comments come after Ms King addressed ambassadors from Japan, the US, the Netherlands and India at an event in Darwin that was focused on breaking China’s dominance of the rare earths supply chain.
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