Tesla Chairman: Expected to spend more than A$4.3 billion on Australian mining this year, more than triple that in 2021

According to this site’s news on September 5, Tesla Chairman Robin Denholm said at a conference in Canberra on Tuesday that Australia should abandon its “excavation and transportation” positioning and compete with the United States in battery manufacturing. Investment competition.

She expects Tesla to spend more than A$4.3 billion on Australian mining this year (currently about 20.21 billion yuan), more than three times the A$1.3 billion in 2021.

She said: "(Industry) demand for Australian minerals will only continue to rise." She emphasized that Australia has large reserves of commodities such as lithium and is the world's largest supplier of this battery raw material.

Photo source Pexels

Note from this site: Robyn M. Denholm is an Australian company executive, took over as Tesla chairman from Elon Musk in November 2018.

At present, Australia is already one of the largest lithium producers in the world, and its production of nickel ore, cobalt ore, manganese ore and rare earths is also among the top, but almost all lithium ore is shipped to Asia for processing into value-added products. , while the country is responsible for 47% of global lithium supply, 90% of it is exported to China for refining.

Speaking at a Minerals Council meeting, Australian Prime Minister Anthony Albanese said that the clean energy revolution will drive the global economy over the next two decades, and Australia is in the midst of "unprecedented global demand and abundant An extraordinary intersection of domestic supply.”

"Australia only gets one chance like this. That's why our government is determined to work with you to turn this opportunity into a generation of prosperity." Albanese said.

Australia should use tax incentives to attract the construction of at least 30 battery-grade lithium processing plants to the country, otherwise the country risks losing out to North America and Europe, Robin said.

“The longer we wait, the higher the risk of losing this opportunity as other countries have overtaken us and captured the most parts of the battery supply chain without any or as much of the basic materials. "The valuable part," "This is the economic development opportunity we have lost."

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