Australia is supplying key materials used in electric vehicle batteries.
Ford will soon be using lithium sourced from Australian soil in its electric vehicle batteries.
The company says it will supply Ford with 150,000 tonnes of lithium annually for five years.
The material, sourced from Liontown’s Kathleen Valley mine in Western Australia, is an essential component in the manufacture of batteries for electric vehicles.
Australia’s stable government and high levels of industrial safety make the country an attractive proposition over other resource-rich countries.
Ben Zachariah is an experienced writer and motoring journalist from Melbourne, having worked in the automotive industry for more than 15 years. Ben was previously an interstate truck driver and completed his MBA in Finance in early 2021. He is considered an expert in the area of classic car investment.