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With electrification of our transport, energy system and industry driving global demand for batteries, new analysis reveals Australia already has the capacity to become a battery manufacturing powerhouse.

The future of Australian battery manufacturing: Cell cans and current collector foils, by Australia's national science agency, CSIRO, identifies where local industry has the skills, materials and expertise to make key components for lithium-ion and emerging sodium-ion batteries.

The report looks beyond Australia's critical-minerals strengths to ask a more practical question: What would it take to turn more of those local resources into the parts that make up every battery cell?

CSIRO advanced battery manufacturing lead Dr. Adam Best said the work combines expertise in advanced manufacturing, battery materials and industrial process assessment, bringing together knowledge of how battery components are made with a practical understanding of what Australian industry can already do.

"That combination is central to the report's message that Australia's battery opportunity is not only about what lies in the ground, but what can be made here from it," Best said.

McKinsey analysis projects the global lithium-ion battery value chain could grow to more than US$400 billion by 2030, while the Australian government's National Battery Strategy notes that 96% of the total revenue opportunity is expected to occur downstream of mining. Today, much of that value is captured offshore, with the bulk of our critical minerals being exported.

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