EU, Australia strike critical minerals supply deal amid tech rivalry with China
The agreement comes amid growing concerns about Chinas digital power. Fromsolar panel productiontoEV sales, the country has taken a global lead innumerous advanced technologies. Against this backdrop, the partnership with Australia is a highly strategic one. The country accounts for52%of global lithium production. Australia also holdssignificant potentialfor the extraction of gallium and germanium, two key metals for the manufacturing of semiconductors. China produces80%of the worlds gallium and60%of germanium. The pact with Australia seeks to facilitate joint projects and research as well as investments and bilateral trade....