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WA requires billionaire investors to drive a lithium boom

Investors of billionaires are encouraged to visit YES to see the energy revolution that the government hopes to move the country's economy.

The opposition has marked the strategy plan for the plan, but Prime Minister Mark McGowan says that if we work, we can expect thousands of jobs and billions of revenue for WA.

It is the new era of the West that turned Australia into the world's largest lithium producer.

The country is also the third largest producer of cobalt and the fifth largest producer of nickel.

All minerals used to manufacture batteries and Mr. McGowan want to do more than to dig, promising that downstream processing will fill the economy.

"Thousands of jobs, billions of dollars from investments, an industry that is part of the future," he said.

The Tianqi plant in Kwinana will turn the lithium mineral worth $ 1100 / tonne into lithium hydroxide 20 times as much.

Currently, this material is still sent abroad for production, and then returns to WA in finished products.

The state government has unveiled a future battery strategy, including $ 6 million if a research center in Washington is built. And a strategy for attracting investment, but no new money.

Opposition leader Mike Nahan is not impressed by the document.

"It weighs a little, it has paper and ink, but nothing new," said Dr. Nahan.

But Mr. McGowan defended the plan.

"What he wants is a will – you do not have to just throw money on things," he said.

More than 1.2 million electric cars were sold globally in 2017 to 57 percent in a year.

It's a growing market WA wants a bigger piece, the ultimate goal to build a complete battery here.

"I think it's unlimited, I think we should start dreaming bigger," said George Bauk, managing director of Northern Minerals.

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