❓ Mr Marmion questions the Premier about extending royalty concessions similar to those granted to Mineral Resources to other lithium industry players. The Premier acknowledges considering requests but highlights the existing royalty framework and international market factors.
AnsweredQoN 1042Legislative Assembly
QuestionView source ↗
LITHIUM INDUSTRY —
ROYALTY CONCESSION
1042. Mr W.R. MARMION to the Premier:
I have a supplementary question.
Given the Premier has not been approached by the lithium industry, if he is
approached by the lithium industry, will he consider providing concessions
similar to what Mineral Resources Limited got—a range of concessions
worth $200 million—to support jobs in their sector?
ROYALTY CONCESSION
1042. Mr W.R. MARMION to the Premier:
I have a supplementary question.
Given the Premier has not been approached by the lithium industry, if he is
approached by the lithium industry, will he consider providing concessions
similar to what Mineral Resources Limited got—a range of concessions
worth $200 million—to support jobs in their sector?
AnswerView source ↗
Obviously, we will consider anything
put to us. I do not know whether the member listened to what I said, but the
royalty that has been struck, which has to deal with the complexity around
spodumene and hydroxide —
Mr W.R. Marmion : I was
talking about concessions.
The SPEAKER : Member for
Nedlands!
Mr M. McGOWAN : The royalty struck was broadly welcomed by the
industry and they accept that it is a very fair rate. Whether there is a
concession or otherwise probably does not resolve some of the issues with the
international lithium market. I suspect the international lithium market will
come back as batteries take greater hold, particularly in countries like India,
China, Korea and Japan. Western Australia is in the box seat to capitalise on
that. There are thousands more jobs in the lithium industry in Western Australia
now than there were a few years ago. The advice I have is that there are 5 000
more jobs in lithium in Western Australia just over the last two years. The
member for Nedlands might not know, but I went to the United States last year
to meet with Albemarle to encourage it to set up in Kemerton and it has. We now
have a range of major projects around the state, whether it be Tianqi Lithium,
Albemarle, SQM or Mineral Resources, that have proven to be very successful. I expect
they will continue to be successful, and as demand picks up internationally,
the industry will continue to prosper.
put to us. I do not know whether the member listened to what I said, but the
royalty that has been struck, which has to deal with the complexity around
spodumene and hydroxide —
Mr W.R. Marmion : I was
talking about concessions.
The SPEAKER : Member for
Nedlands!
Mr M. McGOWAN : The royalty struck was broadly welcomed by the
industry and they accept that it is a very fair rate. Whether there is a
concession or otherwise probably does not resolve some of the issues with the
international lithium market. I suspect the international lithium market will
come back as batteries take greater hold, particularly in countries like India,
China, Korea and Japan. Western Australia is in the box seat to capitalise on
that. There are thousands more jobs in the lithium industry in Western Australia
now than there were a few years ago. The advice I have is that there are 5 000
more jobs in lithium in Western Australia just over the last two years. The
member for Nedlands might not know, but I went to the United States last year
to meet with Albemarle to encourage it to set up in Kemerton and it has. We now
have a range of major projects around the state, whether it be Tianqi Lithium,
Albemarle, SQM or Mineral Resources, that have proven to be very successful. I expect
they will continue to be successful, and as demand picks up internationally,
the industry will continue to prosper.
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