US and Australia build out anti-China critical mineral strategies
The EV industry was all-a-twitter in May about the announcement of US Section 301 tariffs on Chinese EVs, cells and the battery supply chain, but it wasn’t the only country that announced major changes to its critical minerals strategy during the month. Australia also announced some major changes to its own Embracing the Future Made in Australia Investment Framework as part of its May 2024 Federal Budget. These will include comprehensively mapping critical mineral occurrences, establishing tax incentives, providing more capital and safeguarding assets from the wrong kind of foreign investments. The announcement from Australia came just weeks after a...
Topics
Australia
Canada
China
EU
foreign ownership
Geopolitics
Protectionism
Section 301
Tariffs
US
