Contents 1 FOREWORD ............................................................................................................................... 8 2 EXECUTIVE SUMMARY ............................................................................................. 11 2.1 What is the New Energy market? ................................................................................................... 11 2.2 Why is WA the best place for Lithium Valley? ............................................................................. 13 2.3 What are the benefits for WA? ........................................................................................................ 15 2.4 Top priorities . ...................................................................................................................................... 17 2.5 The fierce urgency of Now . ............................................................................................................. 18 3 RECOMMENDATIONS ������������������������������������������������������������������������������������������������ 20 3.1 Federal Government ......................................................................................................................... 20 3.2 Specialised Industrial Park (SIP) ...................................................................................................... 20 3.2.1. Encourage the transition from a combustion-driven to an electric economy ..... 20 3.2.2. Support the Establishment of a New Energy Industry CRC ..................................... 20 3.2.3. Commercialization of innovation ..................................................................................... 21 3.2.4. Standards ............................................................................................................................... 22 3.2.5. Prioritise selection of GST and royalties to take advantage of New Energy industry ................................................................................................................................... 22 3.2.6. Foreign Investment Review Board – Strategic Resources .......................................... 22 3.2.7. European Union Critical Raw Materials (CRM) ............................................................. 23 3.2.8. National recycling policy . .................................................................................................. 23 3.3 State Government .............................................................................................................................. 23 3.3.1. Lithium Valley as a WA brand ........................................................................................... 23 3.3.2. State and Federal Bilateral Approval Process .............................................................. 24 3.3.3. Parliamentary Inquiry into Lithium Valley . .................................................................... 24 3.3.4. Domestic reservation across New Energy metals ....................................................... 25 3.3.5. Off take agreements and domestic usage .................................................................... 25 3.3.6. Smart royalties ...................................................................................................................... 26 3.3.7. Incentives ............................................................................................................................... 26 3.3.8. Facilitate governance of the Western Trade Coast and SIP. . ................................... 26 3.3.9. Regional Lithium Valley: E-cycling facilities in Geraldton and Minerals processing in Kemerton, the Pilbara, Kimberley and Goldfields . ........................... 27 3.3.10. Build the infrastructure needed for the SIP and New Energy initiative ................. 28 3.3.11. Western Power access ........................................................................................................ 28 3.3.12. Public-private partnerships .............................................................................................. 28 3.3.13. Direct mining investment ��������������������������������������������������������������������������������������������������� 29 3.3.14. Become a model for the circular economy ������������������������������������������������������������������� 29 3.3.15. State strategic plan and objectives ���������������������������������������������������������������������������������� 30 3.3.16. Finite resources and intergenerational allocation ������������������������������������������������������� 30 3.3.17. State Government policy on electric vehicles �������������������������������������������������������������� 31 3.3.18. European Union Critical Raw Materials (CRM) ������������������������������������������������������������� 31
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