Lithium Valley Main Report 2018
Table 5: Estimated Potential Employment Generation and Capital Investment from Developing the WA Energy Metals Industry
Energy metals - lithium, cobalt, nickel, rare earths and vanadium
Employment Current employment in the energy metals sector - 2017 Expected growth in direct employees until 2025 Forecast employment in the energy metals sector - 2025 Direct - Full Time Employment 2025 Indirect employment 2025 - multiplier 2.5 Total energy metals sector employment 2025
Actual
7,291
Estimate
21,480
Estimate Estimate Estimate
28,771 71,927 100,698
Estimate billions per annum Estimate millions per annum
Employee wages in 2025
A$3.33
Payroll taxes 2025
A$183.30
Economic contribution from the energy metals sector
Estimate billions per annum Estimate billions per annum
Economic contribution from the energy metals 2016/2017
A$2.97
Potential Economic contribution mine, refining and 10% of electrochemical production per annum 2024/2025
A$56.52
Capital investment for the energy metals sector
Estimate billions until 2025 Estimate billions until 2025
Capital investment forecast for new mines, refining facilities
A$13.81
Capital investment forecast for new mines, refining facilities, secondary processing and recycling
A$34.11
Source: InfraNomics 2018. All estimates are in nominal values.
According to researchers at Sanford C. Bernstein and Co the total investment globally in new lithium mines will likely range from US$350 billion to US$750 billion. 62 The forecast shown in Table 5 assumes investment into mines and basic refining in WA will be approximately A$13.8 billion which represents between 3% and 1.4% of the total global investment in this area and
62 PR Newswire (2018), Breakthrough Technology Could Unlock $84 Billion Worth Of Trapped Lithium, CISION PR Newswire, 19 March 2018, https://www.prnewswire.com/news-releases/breakthrough-technology-could-unlock-84- billion-worth-of-trapped-lithium-677259183.html . (Accessed: 01 May 2018)
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