Speaking in Darwin, Madeleine King, Australia’s Resources Minister, has reportedly said that Australia will be welcoming “like-minded” investors to invest in critical minerals projects, according to the Australian Financial Review.
The report continues that Minister King did not flag any ban on Chinese investment into the industry, but as the AFR continues, Australian Treasurer, Jim Chalmers, has already indicated that the country would be more assertive in ensuring that investment from abroad into critical minerals projects would be aligned with Australia’s national interest. He has already acted by preventing a major supplier of minerals from China from taking a bigger stake in one company.
At the German Australian Business Council, we are monitoring these developments closely. The recent visit by a German delegation to Australia and the forthcoming European Critical Raw Materials Act will provide an excellent opportunity to deepen relations between our countries.