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Australia’s largest lithium miners have no chance of moving into more profitable parts of the battery supply chain without substantial government subsidies, according to Dale Henderson, the chief executive of $12.3 billion lithium producer Pilbara Minerals. He was speaking at the Citi investment conference on Thursday,“To be frank, it’s hard to make Australia work given the cost base particularly in the Pilbara region – the labour, construction, and energy costs are high,” said Mr Henderson. “So the first principles case makes it very difficult to justify the investment without more government support if Australia wants to deliver on the ambition of onshoring the value-added processing.”
Australia’s largest lithium miners have no chance of moving into more profitable parts of the battery supply chain without substantial government subsidies, according to Dale Henderson, the chief executive of $12.3 billion lithium producer Pilbara Minerals. He was speaking at the Citi investment conference on Thursday,
“To be frank, it’s hard to make Australia work given the cost base particularly in the Pilbara region – the labour, construction, and energy costs are high,” said Mr Henderson. “So the first principles case makes it very difficult to justify the investment without more government support if Australia wants to deliver on the ambition of onshoring the value-added processing.”
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