How technology can unlock Australia’s battery metals potential

As the global push for renewable energy accelerates, demand for battery metals like lithium, cobalt and vanadium continues to surge.

While short-term price fluctuations may occur, the long-term necessity for these critical minerals is clear, according to Eric Croeser, Accenture’s Asia Pacific managing director – mining and metals lead.

“The shift to renewable energy is driving unprecedented demand for battery metals – such as lithium, cobalt, and vanadium – which are critical for energy storage and electrification,” Croeser said.

“While there may be short-term price fluctuations due to supply-demand imbalances, the long-term need for these materials is undeniable as the world moves towards net-zero targets.”

Mining companies are responding with significant investments in critical minerals, but the true transformation of the industry will rely on technological advancements.

Accenture’s Technology Vision 2025 report found that 63 per cent of Australian executives believe artificial intelligence (AI) is accelerating the need for rethinking how systems are designed and operated.

“For the mining industry, which contends with major decarbonisation challenges, those who embrace AI and automation will be able to both improve operational efficiencies while gaining a competitive edge in delivering the critical minerals needed for decarbonisation,” Croeser said.

“AI, automation, and real-time data analytics are already playing a crucial role in optimising mining operations, from predictive maintenance and fleet electrification to precision drilling and orebody modelling.

“The use of Agentic AI – self-learning systems that continuously improve decision-making – will be a game-changer in increasing efficiency and reducing downtime, particularly in maintenance and operations.”

Beyond extraction, a fully integrated battery metals supply chain will be essential.

“Smarter metallurgical techniques can improve recovery rates, while advanced material science can enhance battery performance and lifespan,” Croeser said.

“Mining sits at the centre of Australia’s energy transition, and ultimately, its ability to meet net-zero targets.

“The focus now must be on how quickly production can scale, and technology will be the key enabler in bridging the gap between supply and demand.”

With mining at the core of Australia’s energy transition, scaling up production quickly will be essential – and technology will be the key enabler in bridging the gap between supply and demand.