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[Major event website] Australia hopes to compete with China in key minerals

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Source: Mineral Resources Network

According to foreign media reports on December 19, Australia Minister Madeleine King said that Australia hopes to compete with China in terms of production and refining the next stage of the global high -tech manufacturing industry. She supports Australia to buildIts key mineral capacity.

When asked about the possibility of China ’s investment in the industry, Australian Minister of Resources Kim said that although Australia is willing to accept proposals, the government seek to establish a domestic industry.

In a telephone interview on Tuesday, Jin said: "We want to ensure that we have more key mineral capabilities here, including refining, processing and further production capacity. This is to compete with China." "This is not a bad thing."

Since it came to power in May 2022, the Australian left -wing Labor Government has increased investment in lithium, cobalt and titanium minerals. These minerals are essential to global green energy infrastructure and national defense manufacturing industry.

A few days ago, Australia expanded a list of resources for its energy transformation and national security needs.Australia has some of the world's largest key resource reserves. In view of China's significant leading advantage in processing, this has triggered the interest of those countries that eager to realize the diversified supply chain.

In recent months, Australia has strengthened cooperation with countries including the United States in key minerals.However, with the heating relationship between Beijing and Canberra, China has been promoting the expansion of its investors' access, including in the mining industry.

Ambassador Xiao Qian said in October that he hoped to see a more friendly environment for Chinese investors, and the highest diplomat Liu Jianchao warned during the November visit that Chinese companies did not see the "clear future" of investment.

KING said that about half of the $ 4. billion ($ 2.6 billion) financing mechanism provided by the government to improve key mineral capacity has spent about half of the financing mechanism, and more government funds may be needed.

She said that the Ministry of Commerce is studying key strategic mineral centers across Australia, focusing on mining and refining in specific areas, where they can share infrastructure assets.


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