WA unveils refreshed battery and critical minerals strategy

22nd May 2024

By: Creamer Media Reporter


Font size: - +

The Western Australian government has unveiled its updated Battery and Critical Minerals Strategy, drawing applause from industry stakeholders and signalling the state’s commitment to solidifying its position as a global leader in the downstream processing of critical minerals.

The strategy, welcomed by the Association of Mining and Exploration Companies (Amec) and the Chamber of Minerals and Energy of WA (CME), aims to guide the state as it navigates evolving market conditions and strives to capitalise on its mineral resources.

While no new funding has been announced alongside the strategy, with the $500-million Strategic Industries Fund being announced in the recent state Budget 2024/25, the refreshed strategy focuses on a range of issues that need addressing, such as strategic industrial land.

The Critical Minerals Production Tax Incentive announced in the federal Budget 2024/25 will provide significant help to companies looking to develop downstream processing in Australia.

Amec CEO Warren Pearce expressed support for the refreshed strategy, emphasising the importance of adapting to industry shifts.

“It makes sense to refresh the critical minerals strategy as the industry evolves and market conditions change.”

“It shows the priority the WA government places on critical minerals, with some other states yet to even release a critical minerals strategy,” he said.

CME president Rebecca Tomkinson echoed Pearce’s sentiments, noting the need for policies that reflect the industry’s operating environment. She underscored the importance of competitiveness, stressing the role of government support in facilitating a conducive regulatory framework.

“A more efficient approvals system means greater certainty for businesses looking to invest and works to improve Australia’s competitive position,” said Tomkinson.

Both Amec and CME highlighted the importance of strategic investments and infrastructure development in driving industry growth.

Tomkinson said the provision of common user infrastructure and investment-ready industrial areas helped ensure upfront capital costs were contained and provided more certainty on project approval timeframes, but warned government budget allocations were conservative when compared with other international jurisdictions.

Edited by Creamer Media Reporter


Latest News

Magazine image
Magazine round up | 12 July 2024
12th July 2024
The SKA-Mid prototype dish, erected in China
First SKA dish erected in the Karoo
10th July 2024 By: Rebecca Campbell


Hanna Instruments Image
Hanna Instruments (Pty) Ltd

We supply customers with practical affordable solutions for their testing needs. Our products include benchtop, portable, in-line process control...

Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...


Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?







sq:0.788 0.845s - 192pq - 2rq
Subscribe Now