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The EU will invest in Australian lithium and rare earth projects to cut reliance on China and secure critical minerals.
The EU plans to take direct equity stakes in Australian critical minerals projects, including lithium and rare earths, to secure stable supplies and reduce reliance on countries like China, EU Trade Commissioner Maros Sefcovic said in Melbourne.
The move, aimed at mitigating supply chain risks and past energy cost spikes, will involve financing through equity investments, off-take agreements, and joint ventures, with the European Investment Bank playing a central role.
A list of supported projects is expected soon, reflecting deeper EU-Australia cooperation in critical minerals, while free trade talks, previously stalled, are set to resume early next year.
La UE invertirá en proyectos australianos de litio y de tierras raras para reducir la dependencia de China y asegurar los minerales críticos.