Australia has all the key critical minerals to power the next 100 years.
An Australian-based startup, Recharge Industries Pty, is planning to build a A$300 million (US$210 million) factory that can build lithium-ion batteries that do not have materials imported from China, Bloomberg.
Though Australia is the world’s largest supplier of lithium, a vital battery metal, it currently sends most of its battery raw materials to be processed into components in China.
Petmal/iStock.
Currently, China accounts for the majority of lithium-ion battery manufacturing facilities. Other nations are striving to seek alternatives to the Asian country.
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