New Energy metals concentration in regional areas, there will likely be a profound impact upon regional communities, especially where primary processing is localised. During the review we have considered input–output (I-O) modelling, partial equilibrium analysis and computable general equilibrium analysis where information is available or can be reliably forecast and the results are included in this report. 7.2 Current and estimated future contribution to gross domestic product WA is in the enviable position of having an abundance of New Energy metals. The New Energy metals found in WA that will be discussed in the economic analysis include, but are not limited to the following:
● ● Lithium ● ● Cobalt ● ● Nickel ● ● Manganese ● ● Vanadium ● ● Rare Earths
The Department of Mines, Industry Regulation and Safety WA (DMIS) provides export data for a number of energy metal commodities. Table 6 outlines the quantity and value based on this data:
Table 6: Export data: Energy metal commodities
Value 2015/16 (A$m)
% of value
Qty 2016/17 (kt)
Value 2016/17 (A$m)
% of value
Commodity Qty 2015/16 (kt)
Lithium (Spodumene)
417,286
$242.0
9% 866,422
$601.5
20%
Cobalt Nickel
5,479
$174.8
6%
4,732
$237.5
8%
175,752 425,303
$2,202.7
80% 157,429 5% 236,470
$2,081.1
70%
Manganese Ore
$146.2
$57.0
2%
1,023,820
$2,765.7
100% 1,265,053
$2,977.1
100%
Total
Source: Department of Mines, Industry Regulation and Safety, WA As can be seen in Table 6, the importance of lithium is increasing dramatically and this is only the low grade, low value spodumene. Higher grade lithium carbonate and hydroxide will be of significantly higher value. The economic contribution from Section 7.1 is based on actual known projects and likely projects should the industry develop in WA.
Page 85
Made with FlippingBook Ebook Creator