The Association of Mining and Exploration Companies (Amec) has welcomed the Western Australian government’s decision to invest A$13.2-million to attract a global cathode active materials production facility for lithium-ion batteries.
The funding forms part of the state government’s greater A$92.4-million suite of incentives to activate new industries and create a jobs pipeline.
The cathode active manufacturing initiative includes incentives to offset project costs, such as land lease rates on industrial land to help businesses establish and keep local jobs in Western Australia.
This will strengthen the state’s position as a world leader in future battery minerals, materials, technology and expertise in global battery supply chains – and supports the implementation of the Western Australian Future Battery Industry Strategy, said Premier Mark McGowan.