(Bloomberg) -- Australia and the European Union have struck an agreement to boost cooperation and investment in critical minerals, part of a drive by Western...
-- Australia and the European Union have struck an agreement to boost cooperation and investment in critical minerals , part of a drive by Western nations to loosen China’s grip on supply chains of materials essential to high-tech and green manufacturing.Musk’s xAI Raises $6 Billion in Bid to Challenge OpenAI
The US and its allies have been working in recent years to establish alternative sources of critical minerals such as lithium, cobalt and nickel, which are used in the manufacturing of equipment including computer chips, solar panels and military hardware. China currently controls much of the supply, leaving the US potentially exposed to export restrictions given intensifying strategic competition between Washington and Beijing.
Australia has vast, largely untapped deposits of several critical minerals and has been attempting to build up its domestic industry through financing vehicles and tax incentives, including new measures announced in its May budget.Under the MoU signed on Tuesday, Australia and the EU will look to boost investment in critical mineral projects, including joint ventures, as well as cooperating on research and innovation.OTTAWA — Canada is looking at the massive new U.S.
The ringing endorsement from Huang comes amid Musk's recent pivot to AI as the Tesla boss quietly scrapped his vision of growing volumes over tenfold to 20 million EVs a year by 2030.Airline prices, concentration key concerns driving Competition Bureau scrutiny
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