Priority status granted to Vecco’s AU$800 million battery materials mining and processing hub in Queensland, Australia
- Admin
- Jul 14, 2024
- 1 min read
The Vecco Critical Minerals Project in Queensland, Australia aims to unlock upstream battery manufacturing and processing capabilities. It involves building an open-cut mine and processing plant for critical minerals, including vanadium, high-purity alumina, and molybdenum. The project, declared a coordinated project, is expected to commence construction in 2025 with an operational phase starting in late 2026. Queensland's vanadium reserves give it a competitive advantage in the renewable energy sector, especially in battery development.
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