this post was submitted on 17 Nov 2025
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EU’s investment bank to work with Australia on critical raw materials (www.scmp.com)
submitted 3 months ago by rss@news.abolish.capital to c/china@news.abolish.capital
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The EU’s European Investment Bank (EIB) and the Australian government said in a joint statement on Monday they would deepen cooperation on critical raw materials, as Western powers scramble to cut their reliance on China. With the exception of Japan, Group of Seven (G7) countries and the EU are heavily or exclusively reliant on China for a range of materials from rare earth magnets to battery metals. European officials and industry sources say financing remains a key hurdle in the bloc’s efforts...

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