Australia's largest stock trading and investment forum Australia's #1 stock forum

I thought in February Shorten was on about Hydrogen. Now...

First 29 Last

Share
Profile

Follow
darryle

6,752 Posts.

5

05/04/19

08:54

Post #: 38007181
Share

Originally posted by BabaRoga_space: ↑

Why obsession with batteries?

Well, the large % of current world supply of battery raw materials are mined right here.
Then sent to China to be converted into battery chemicals and made into batteries. Or sent to Germany, Japan, S Korea, etc and made into batteries.
Then we buy them back with many multiples of added value through processing and manufacturing.

The industry is expected to have massive growth and worth $100s of billions over the next decade.

Frankly speaking:
If our governments weren't bit light in the head and only promising investment to win few votes, only to forget about it 5 min later. We'd already have bunch of chemical conversion plants here instead of China and batteries made by Australian brand here instead of German, Japanese, S Korean, USA companies like Sonnen, Panasonic, LG Chem, etc. Employing people in their respective countries.
All the while we get few dollars out of 100 for digging up dirt....

There is plenty you can sink your teeth when attacking Shorten, but this would be fantastic for Australia (if they actually do invest in the industry and not go quiet after getting elected, like Libs did after similar promises)

Cheers

Expand

I thought in February Shorten was on about Hydrogen. Now batteries but we can’t use the energy available now, coal.
Upvote

Reply

Top Stories

RDN

If you thought lithium was dead, think again. The Pilbara will be central to the next upswing

ASX Market Update: Shares fall flat as GYG soars on debut | 20 June, 2024

STX

Strike Energy secures $153 million for Perth Basin gas projects

AML

Cultural heritage agreement puts Walford Creek exploration back on the map

With financials holding the fort, materials must step up with some heavy lifting to stimulate stocks

BRX

Belararox delineates another porphyry in Argentina at Tambo South

Plagues precede widespread power shifts. We’re living in one – and minerals are at the fore

EMD

Emyria's Empax Centre chosen for mental health clinical trial

FHE

Frontier Energy achieves key milestone for Waroona energy project

SBW

Shekel Brainweigh CEO Nir Leshem weighs in on AI adoption ahead of FY25

There are more pages in this discussion • 30 more messages in this thread...

First 29 Last

SPONSORED BY