Lithium Valley Main Report 2018
Expanding on the methodology as set out above, a forecast of the value of cobalt exports has been derived. Figure 37 outlines the forecast trend of export value ($Am):
Figure 37: WA Forecast Value of Cobalt Exports to 2025 37
WA Forecast Value of Cobalt Exports to 2025
1,200
2.50% CAGR 5.00% CAGR 7.50% CAGR 10.00% CAGR 12.50% CAGR Average CAGR
1,000
800
600
400
200
-
FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Source: InfraNomics
The forecast in Table 14 applies a CAGR range on export value per tonne in addition to the increases in WA export volume. Table 15 sets out a number of key outputs from the analysis. Table 14: WA Key forecast export value changes for Cobalt Exports FY2017 FY2020 FY2025 Export value ($Am) $237.5m $305.4m – $403.8m $467.4m - $984.3m Export increase ($Am) – previous period n/a $67.9m – $166.3m $162.0m – $580.5m Export increase ($Am) – previous period n/a 29% - 70% 53% - 144%
Source: InfraNomics
11.3 Nickel Nickel is used in more NCA-type (Lithium, Nickel, Cobalt, Aluminium Oxide) batteries than any other metal. NCA-type batteries form the core of Tesla’s electric powertrain but have applications more broadly in medical devices and industry. There are currently only eight (8) nickel mines in operation in WA, with 25 others currently under care-and-maintenance.
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