Filed this under Technology because it revolves around the need for Lithium - and how that will increase substantially in the coming years as demand for batteries grow.
First, the article:
Now, I have 2 issues with this. First is with the industry itself - stored electrical energy is awesome, and if electric is created through renewable supplies, then it moves us forward environmentally in a massive way. However, mining is not clean - and the processes to extract Lithium will probably create pollution and blight landscapes. I’d like to see a report into the net result of mass electrification of domestic life and how much of an environmental difference it makes. I would imagine it is positive… but I’m sure there are caveats.
My second big(ger) issue is the wealth that this creates. Without unleashing a political monster on the forum (hoho) - This country lives beyond its means, and over the past few decades, our raw manufacturing has been a constant decline. We’ve focused on being a service and banking nation. With the potential demand for Lithium increases, the supply value will increase - so if it is something that we have as a natural resource, we should exploit it for our own means… It real term, I believe the industry should be forced to be Nationalised now before it gets huge OR government stipulations need to be put into place so that we maximise its value.
These mines have already be sold to Canadian firms. Sure, they’ll create local jobs, and they’ll pay tax… but we all know that clever accounting will ensure they pay the minimum. No. We should be like Norway and ensure that as much value from Lithium stays in the public purse. As a country, we could, and should, get rich from this. Then we could do things like, I dunno - pay the public sector more.
I see a great opportunity… but once again, I fear that others will get rich at the expense of the nation.
Just my 2 cents.