The federal government’s splashing of a further $243 million across the vast critical minerals universe has lit a fire under the junior companies’ share prices, as investors bet new supply will not flood markets overnight and demand for products like electric vehicles will hold strong.
“The timeline of bringing volume to the market is a long one,” Stephen Wilmot, the chairman of unlisted Pure Battery Technologies, said after securing $119.6 million for its planned $460 million battery material refinery hub near Kalgoorlie.
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Michael Bennet is WA reporter for The Australian Financial Review based in Perth. He has worked as a journalist for more than a decade, including at The Australian where he was senior banking reporter and also covered economics, markets and deals. Connect with Michael on Twitter. Email Michael at michael.bennet@afr.com
