2 billion lithium factory planned for Townsville

This will increase awareness of lithium in Australia, which can only be a good thing for investor knowledge and interest in PLS.  Might also provide a new onshore opportunity for PLS to supply lithium for this planned giga factory in Townsville. It's all good ..

customer http://www.theaustralian.com.au/bus...m/news-story/45016559fd5a6ce4d73fcd638a40b8a0

Townsville is making a bid to become the centre of the new energy revolution as the site for an international consortium to build one of the world’s biggest lithium-ion battery factories.
Amid soaring youth and indigenous unemployment since the collapse of QNI, the Great Barrier Reef tourism and mining centre has entered a six-month agreement with Boston Energy and Innovation, which it hopes will lead to a $US1.6 billion ($2.1bn) gigafactory rising from disused council land by 2020.

It would be one of the largest factory investments in Australia, capable of turning out one million home-energy storage units a year as renewable energy becomes increasingly mainstream.
According to its proponents, it would also break China’s monopoly of the market through its control of the graphite used by the world’s big four battery makers, and ensure Australia’s energy security in an uncertain world.
“The world is facing trade wars so we don’t want to rely on only one option, if there is a trade war between the US and China,’’ says Bill Moss, who chairs the consortium bidding to build the factory.
The former Macquarie Bank property guru Mr Moss has drawn together the manufacturing expertise of Eastman Kodak with the technology of Nasdaqlisted C4V and Australia’s Magnis Resources, which is developing a high-purity graphite mine in Tanzania to supply a battery factory in the US, and potentially Australia and Oman. It’s already converting an old IBM facility in upstate New York for its first factory and claims that with the additions of the Townsville plant it can become a serious player in the international market in the next three to five years as investment in new battery manufacturing takes off.