Australia’s $7.4 billion opportunity in future battery industries

Australia’s economic opportunity as both a major supplier of battery minerals and potential to expand its role within a growing global industry are outlined in the recently published Future Charge: Building Australia’s Battery Industries.

Diversified battery industries could contribute $7.4 billion annually to Australia’s economy and support 34,700 jobs by 2030.

The report, prepared for the Future Battery Industries Cooperative Research Centre (FBICRC) by Accenture quantifies the value adding opportunities available to Australia, and proposes a set of actions required capture the battery opportunity.

The FBICRC was established in 2019 through the Australian Government’s Cooperative Research Centre Program. It brings together partners with a presence across the battery value chain from Australia’s established strength in mining through to processing, manufacture, services and recycling and reuse of batteries.

MRIWA is a key participant in the FBICRC, contributing $6 million over 6 years, of which $500,000 is contributed by the Western Australian Department of Jobs, Tourism, Science and Innovation.

The research program of the FBICRC is closely aligned with the Western Australian Government’s Future Battery Industry Strategy, which aims to grow WA’s future battery industry and transform it into a significant source of economic development, diversification, jobs and skills.

The full report is available from the FBICRC website: Future Charge Report.

View current and completed FBICRC projects supported by MRIWA.

Read more about Western Australia’s Future Battery Industry Strategy.