From powering our mobile devices, electric vehicles and homes to providing grid-scale energy storage, lithium-ion batteries have revolutionised the way we live in the world.

As lithium-ion battery costs fall – down 97 per cent since 1991 – and the world pursues a lower emissions energy future, batteries are an enabling technology that will support an even greater penetration of these technologies. The demand for lithium-ion batteries is growing, and the global market is projected to be worth $242 billion by 2026.

With 100 per cent of Australia’s lithium-ion batteries currently imported from overseas, an opportunity exists for Australia to build the whole battery value chain from mining of battery minerals to processing, battery active materials and eventually cell manufacture.