US, Australia Consider Tapping Public Finance Vehicles for Critical Mineral Projects
- US seeks alternative supply chains to counter China dominance
- Australian minister cites ‘mutual benefit’ from investment
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The US Export-Import Bank is being eyed as a venue for boosting investment in Australian critical minerals development to supply components needed in electric vehicles, wind turbines and other technology, Australia’s resource minister said.
The ex-im bank and other public investment vehicles in the US and Australia can be a means “to de-risk some of these projects and then crowd in the private investment that we really want to take hold,” Madeleine King said Wednesday in a roundtable with Bloomberg News in Washington.