Business
Europe looks to cut dependence on Chinese commodities – The Australian Financial Review
Brussels wants to build European capacity – opening a door to Australian miners – for supplies of rare earths, lithium batteries and solar-cell components.
Brussels will look to “build sustainable and responsible strategic partnerships with resource-rich countries”, the Action Plan said, name-checking Australia as one of its priorities.
The strategy isn’t overtly aimed at China – there are also dependencies on Turkey, the Democratic Republic of the Congo, and South Africa – but the European Commission’s analysis shows that in most cases the Asian behemoth is the critical risk factor.
The Action Plan’s risk assessment notes “major concerns” about …
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