EU plans massive investment in Australia’s critical minerals to cut dependence on China

The EU is set to significantly invest in Australia's critical minerals sector to reduce reliance on China. EU Ambassador Lawrence Meredith emphasized Australia's potential as a key partner in diversifying supply chains. This investment aligns with a broader security and defense partnership established earlier this year. Ongoing negotiations for a bilateral trade agreement aim to finalize terms by early 2027, including a Memorandum of Understanding on critical minerals. Australian officials, including Resources Minister Madeline King, are keen to enhance their critical minerals strategy, focusing on refining and processing to diminish China's influence.