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High Demand For Lithium Boosting Investment In Australia

AUSTRALIA

KPMG estimates that by 2024 Australia could have 10% of the world’s Lithium hydroxide refining capacity and 20% by 2027 up from 2% currently. The high price and demand for lithium from EVs has boosted investment in the sector in Australia and there is currently an estimated A$7bn of investment plans in around 12 lithium-related projects. Australia accounts for just under half of global lithium supply. (The Australian)

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