Lithium Valley Main Report 2018
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spent throughout the local economy; and secondly, because high tech firms tend to cluster around one another, it draws in businesses that support high tech in their normal business operations.” Increased downstream processing of New Energy metals will require higher skilled and experienced workers that will have a higher impact upon the local economy compared to standard extraction mining and export. In the UK, a detailed analysis of multipliers in similar chemical and metal manufacturing suggested a multiplier of approximately 2.4. Research undertaken by InfraNomics on industry multipliers for the Western Trade Coast indicated that businesses around the port can expect a multiplier of approximately 2.3. The 2016 Bunbury Geographe Regional Growth Plan 66 identified multipliers for downstream metal processing for lithium and alumina to generate a multiplier of approximately 2.4. A report by Syme Marmion and Co on the Kemerton Strategic Industrial Area in 2012 indicated a multiplier of 5.71 for indirect employment core industry manufacturing. Taking these and other reference sources together, this report will use a multiplier of 2.5 as representative of the region, the type of manufacturing and the industry. Based upon a detailed analysis of existing and future projects (disclosed and not disclosed) as well as international comparable projects and forecasts, if the opportunities are captured and additional secondary processing does occur in WA, employment is expected to increased from 2017 : 7,291 67 direct jobs to approximately 2025 : 28,771 direct jobs. Including indirect employment using a multiplier of 2.5 this equates to 2025 : 71,927 indirect jobs or total employment in 2025 : 100,698 direct and indirect jobs.
“The problem with growing the industry, and value adding, was a lack of political will. It’s not only business. Governments should be asking how do we maximise the value for Australia? How do we do what the Chinese did, set up an industry downstream to make sure we capture as much value as possible? We’ve got the product, now we need the collaboration and the political leadership and look beyond existing systems and look to the future.” George Bauk - Northern Minerals, ABC news
66 Bunbury Geographe (2016), Regional Growth Plan Part One Strategy, December 2016, http://bwea.com.au/ wp-content/uploads/sites/190/2017/01/Bunbury-Geographe-Growth-Plan-STRATEGY-FINAL-Dec-2016.pdf . (Accessed: 01 May 2018) 67 Department of Mines, Industry Regulation and Safety - Resources Safety Division, 2017
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