Lithium Valley Main Report 2018
Figure 25: Energy Metals Industry Development Full Time Employee Forecast 25
Energy Metals Industry Development Full Time Employee Forecast
10,000 15,000 20,000 25,000 30,000 35,000
- 5,000
2015/16 FTE Actual
2016/17 FTE Actual
2018/19 FTE Est
2019/20 FTE Est
2020/21 FTE Est
2021/22 FTE Est
2022/23 FTE Est
2023/24 FTE Est
2024/25 FTE Est
FTE - with battery production/ recycling
FTE - without batteries or recycling
Source: InfraNomics
“
Figure 25 is a chart showing estimated growth of employment in the New Energy metals industry including if batteries are produced and recycled in WA. The impact of battery production is significant to WA but globally this is minor. As secondary processing are higher paying jobs than normal mining operations then there is a positive multiplier effect throughout the community. In addition to the existing projects in WA and the forecast projects there is also the opportunity to secure battery production facilities focusing on the export market. Building upon WA’s ability to secure supply for raw materials, advantageous supply chain location, industrial hubs and other advantages there is a very real prospect of battery facilities being located in WA. The capital investment forecasts are referenced to existing and planned local projects, new projects in Chile and the EU as well as estimates for new plant costs in the future. In this economic impact assessment, the focus has been on employment, wages, capital expenditure and government tax revenue. The impact on the wider community or synergies with other sectors or companies was outside the scope of this report and has thus been omitted. The modelling of indirect (flow-on) economic impacts arising from estimates of direct economic impacts have been considered at State level. However, due to
"Instead of just digging it up and shipping it out, the plan is to do a lot of minerals processing in Australia, which would produce a rare earth composite product that's high in purity. We really think there's much more value-add to be had by doing downstream processing, and Australia is the perfect place to do that." Gavin Lockyer - Arafura Resources ABC News
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