Reported about 1 year ago
Chinese Premier Li Qiang wraps up his Australian tour in Perth, focusing on China's investments in critical minerals and clean energy. During his visit, Li showed interest in Fortescue's carbon-neutral iron ore production and visited Tianqi Lithium's processing plant for battery-grade lithium hydroxide. Australia, in alignment with U.S. concerns, is cautious about China's dominance in critical minerals and renewable energy supply chains, prompting actions like divesting shares from Chinese-linked companies. Prime Minister Anthony Albanese highlighted the importance of foreign investments aligning with national interests, citing the need for a streamlined and transparent foreign investment framework.
Source: YAHOO