ALP battery plan welcomed

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The Future Battery Industries Cooperative Research Centre (FBICRC) welcomes today’s announcement by the Opposition Leader Anthony Albanese to jointly fund a battery manufacturing precinct in Queensland, together with the State Government. 

Shannon O’Rourke, Chief Executive Officer of the FBICRC said the announcement was an important step in the development of a domestic battery manufacturing capability.

The proposed funding and associated national battery strategy, reflected the key elements of the FBICRC’s pre-budget submission “Towards 2030 – Australia’s Battery Powered Future” submitted to Government in January.

“Today’s announcement is a welcome acknowledgement of the enormous battery opportunity currently facing Australia.

“For too long, our nation has been focused on the export of raw critical minerals, missing the opportunity a manufacturing industry can unlock. We are already the global leader in critical mineral exports and these next steps are well within our reach.  Australia is blessed with an abundance of critical minerals which should be viewed not just as a mining opportunity, but a manufacturing opportunity.

“By shifting our mindset to invest with purpose and adopt courageous and visionary policies, we have the potential to unlock a significant economic prize of $7.4bn annually and more than 34,700 jobs by 2030.”

You can view the full announcement on Twitter.

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