Chinese Premier Li Qiang, left, and Australia’s Prime Minister Anthony Albanese shake hands during a signing ceremony at Parliament House in Canberra, Monday, June 17, 2024. Li and Albanese and senior ministers of both administrations met at Parliament House on Monday to discuss thorny issues, including lingering trade barriers, conflict between their militaries in international waters and China’s desire to invest in critical minerals.
Fortescue’s chairman Andrew Forrest said Li was interested in the company’s plans to produce iron ore without carbon emissions and potentially “green iron.” Li will also visit Chinese-controlled Tianqi Lithium Energy Australia’s processing plant south of Perth to underscore China’s interest in investing in critical minerals. The plant produces battery-grade lithium hydroxide for electric vehicles.
Forrest said the national risk from Chinese investment in the critical minerals sector was overstated. Albanese revealed that his office had complained to the Chinese Embassy about the behavior of two officials during a media event with the two leaders after the meeting.
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