Electric car boom drives rush to heartland of Australia's mining sector
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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 storage is driving significant price gains and an asset boom in Australia, already the world's largest lithium producer. The fast-developing hub is drawing investment and deals from global producers as well as chemical-to-battery manufacturers in China, the top consumer.
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