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Austvolt is set to play a vital role in Australia’s lithium battery industry by spearheading innovation in Precursor Cathode Active Material (pCAM) manufacturing. pCAM is a high-value, precisely engineered material that is combined with lithium hydroxide to create cathode active material for lithium-ion batteries. Austvolt’s advanced pCAM production process generates potash fertiliser as a byproduct, improving its environmental and financial sustainability.
The global lithium-ion battery market is expected to expand tenfold by 2030, primarily due to the rising adoption of EVs. With strong government support, Austvolt is scaling up its operations to establish a demonstration-scale plant by 2025 and a full-scale production plant by 2027. Australia’s abundant reserves of nickel, cobalt, and manganese give the company a competitive advantage in sourcing raw materials.
Austvolt envisions becoming a key player in the global Li-ion battery supply chain, contributing to the transition to renewable energy and ethical sourcing.