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Electric car boom drives rush to heartland of Australia's mining sector
Lithium ore being mined in the open pit in Greenbushes, Western Australia. Rising Chinese demand for lithium-ion batteries needed for electric vehicles and energy storage is driving price gains and an asset boom in Australia.
PHOTO: BLOOMBERG
Melbourne
A SCRAMBLE by the lithium market's biggest players to tie up supply of the high-tech metal is gathering pace in the 170-year-old heartland of Australia's US$90 billion mining industry.
Rising Chinese demand for lithium-ion batteries needed for electric vehicles and energy
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