How will Australia benefit from a new lithium ion battery?

Existing brands will likely release new models with newer technology and comparatively cheaper prices. Australia, as with most other parts of the world, is set to benefit from the reduction of the value of lithium.

What kind of lithium does Australia export?

The form of lithium that Australia exports – almost all of which goes to China – is partially processed ore, called spodumene concentrate. Prices of this have mirrored the sharp fall of refined lithium. One report this month said that the price of spodumene had hit its lowest level since August 2021.

Is Australia ready for a lithium resurgence in 2025?

Analysts expect a resurgence in 2025, fuelled by renewed growth in EV adoption and clean energy storage. Although lithium prices remain difficult to predict, Australian miners are once more betting big on the metal. With an abundance of active lithium mines and reserves, Australia is well placed to be at the forefront of this lithium opportunity.

Will Australia benefit from the reduction of the value of lithium?

Australia, as with most other parts of the world, is set to benefit from the reduction of the value of lithium. While we may not see immediate reductions in the purchase price for electric vehicles or batteries, the increase in supply and reduction of cost should see a boom in the industry.

How sustainable is Australia's lithium market?

With an abundance of active lithium mines and reserves, Australia is well placed to be at the forefront of this lithium opportunity. However, as demand grows, questions have been raised as to how this burgeoning market can remain sustainable and how waste streams can be safely managed.

Why are battery energy storage systems becoming more affordable in Australia?

Government incentives and falling battery prices are also making adoption more affordable. In November 2024, a community-owned battery energy storage system (BESS) in Australia was projected to generate up to USD 162,610 annually.