EU plans major investment in Australian minerals
The European Union expects a wave of investment into the Australian critical minerals sector as it pushes to diversify its supply chain away from China. An upcoming free trade agreement will eliminate a 5.5 percent tariff on critical minerals.
The European Union expects a wave of investment into the Australia critical minerals sector, totaling up to €10 billion ($11.2 billion) as it diversifies supply chains. The push follows a free trade agreement signed in March after eight years of negotiations, removing trade barriers. Investors are positioning for a projected surge in cross-continental resource flows starting early next year.
