This company is priced accordingly because there are huge risks involved trying to do in Africa what Australians struggle to get done in what is essentially the resource mining capital of the world. WA.
Volkswagen’s battery plans a ‘game changer’ for Australian minerals: government
Australia’s lithium hydroxide industry is in its early stages.
While it has 26 per cent of the world’s refining capacity, it has yet to actually export any.
However, DISER forecast that by 2022-23, it could be exporting $2.5 billion worth a year.
DISER beleives Australia lithium production will rise steadily over the next decade as EV production increases. Australia currently produces more than half of the world’s lithium.
As for nickel – which is also used in battery production – DISER expects it to have brought in $3.6 billion in the 2020-21 financial, rising to $4.6 billion the following year.
By 2030, it expects Australia to be producing 25 per cent of the world’s mined nickel.
While these figures may be encouraging, they are dwarfed by Australia’s more traditional export commodities.
Iron ore exports are now expected to have brought in a whopping $149 billion in the 2021-22 financial year.
As for fossil fuels, metallurgical coal is expected to have brought in $22 billion for financial year just gone, thermal coal $20 billion, and liquefied natural gas $32 billion.
If lithium exports increase at the same rate as EV sales over the next decade, then by 2030 Australia may be making more than $30 billion a year from lithium exports.
Canada sets ambitious goal of 100% zero emissions vehicle sales by 2035
Canada has announced an ambitious new goal to accelerate the decarbonisation of their transport sector, setting a deadline for 100% of new vehicle sales coming from zero emissions technologies by 2035.
Tesla owners line up at Superchargers amid record Canada temperatures
Tesla electric cars caught in a lengthy queue at a Supercharger station in Canada amid searing summer temperatures – nearly double that of the country’s average – has underlined the urgency for a transition to electric transport to help reduce the effects of climate change.
The photo, taken by “William S” and shared by @DriveTeslaca on Twitter, shows a line of mostly Tesla Model 3 electric sedans waiting to charge up at the Merritt Supercharger in south-western British Columbia, where the ABC reports temperatures have soared to as high as 46.6°C.
That’s almost double the summer average of 24°C.
In the post shared by @DriveTeslaca, the temperature reported was 44°C.
As @DriveTeslaca noted in a message to The Driven, “In the province of BC where that supercharger is, there are a ton of Teslas.
We have the highest rate of EV adoption in North America.
Lots of people are summer road tripping now so it’s not uncommon to see like ups at that one and others along the route.”
The UK similarly has brought forward its deadlines to ban ICE sales, several times in fact. Its latest target to ban ICE sales is 2030, having originally set a 2040 target.
The images also underline the need to ramp up the installation of EV charging infrastructure for a smooth and timely transition to electric transport.
Although EVs can be charged at home, this is not always suitable or convenient.
And the demand for new EV chargers promises to be high.
While Australia’s largest public charging station provider, Chargefox, recently announced it will expand its charging network to 5,000 plugs by 2025.
