The Association of Mining and Exploration Companies supports the Western Australian Government’s commitment to apply a 2.5% royalty to vanadium products but exempt vanadium electrolyte, if re-elected.
As part of the Made in WA Plan, Premier Roger Cook plans to retain no royalty on vanadium electrolyte, as well as invest a further $500 million in Western Australia’s strategic industrial areas.
AMEC says these commitments, combined with the Critical Minerals Production Tax Inventive, create a “powerful incentive” to deliver a local vanadium battery industry in the state.
CEO Warren Pearce says AMEC has been campaigning for this royalty change since 2021.
“The decision to also retain no royalty on vanadium electrolyte, creates a powerful incentive for companies to invest in going downstream and developing electrolyte, the key ingredient in vanadium batteries,” Pearce says.
“The opportunity for Western Australia to value-add to our vanadium, make vanadium electrolyte, and build vanadium batteries in Western Australia, for use here in Western Australia and Australia, is an opportunity too good to miss.
“This commitment will help attract investment in vanadium projects, and the value-adding required to make vanadium electrolyte and vanadium batteries.”
The Association of Mining and Exploration Companies is a national association representing over 500 member companies from all around Australia. AMEC’s members are explorers, emerging miners, producers, and a wide range of businesses and service providers.
Write to Aaliyah Rogan at Mining.com.au
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