Nine have now posted the video with a written summary firmly based around PLS and Ken's very quotable quotes.
Western Australian companies work to cash in on lithium boom
By
9NEWS
May 02, 2016: Dozens of Western Australian companies are working to cash in on a global lithium boom that could reignite the state’s struggling resource industry.
There is renewed hope for Western Australia's struggling mining industry with one resource in hot demand – lithium.
Due to the unprecedented interest in electric cars and renewable batteries, lithium miners are developing new projects across the state.
In the middle of iron ore country is one of the greatest discoveries of the sought-after resource, with Pilbara Minerals' Pilgangoora mine set to go into construction later this year.
It is one of 20 companies working to get lithium mining projects up and running in Western Australia.
"We are in essence going to be the world's number one lithium producer," Ken Brinsden, CEO of Pilbara Minerals, told 9NEWS.
The mine has promised hundreds of new jobs for unemployed FIFO workers.
"(There is) excitement in the mining industry. A commodity in demand and as result fantastic opportunities for Western Australia," Mr Brinsden said.
The interest in lithium is being pushed by the sales of electric cars, which currently account for three percent of the motor vehicle market and expected to reach 22 percent of the market by 2025.
Tesla is leading the charge — in a month it has already pre-sold 400,000 of the Model 3 electric car, even though it won't be released until 2018.
"Electric vehicles are coming," Kevin Johnson from Argonaut said.
"There is nothing you can do about it."
© ninemsn 2016
http://www.9news.com.au/national/20...ian-companies-work-to-cash-in-on-lithium-boom
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