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Australia aims to be key supplier for Western allies'
supply
chain
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Trip comes as US builds up domestic defence, battery
industries
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Delegation will not include Australia's trade or resources
ministers
MELBOURNE, Sept 12 (Reuters) - More than 20 Australian
critical minerals companies including Trafigura unit Nyrstar
will head to the U.S. next week to explore areas for
collaboration, four sources familiar with the matter told
Reuters.
The delegation led by the Australian Trade and Investment
Commission (Austrade) will attend meetings in New York and
Washington with senior officials from the Trump administration.
Although sources described the trip as fairly routine, the
companies will arrive after Australian Prime Minister Anthony
Albanese and President Donald Trump last week spoke about
opportunities for critical minerals companies in both countries
to co-operate more closely.
Australia has requested a meeting with Trump and Albanese
will travel to the United Nations General Assembly in New York
later this month although no meetings have been announced.
Australia is striving to position itself as a key supplier
to Western allies as they build an alternative supply chain to
China while the U.S. is readying to deploy funding to build out
its battery and defence industries.
Reuters reported last month that the Trump administration
was considering a plan to reallocate at least $2 billion from
the CHIPS Act, which supports semiconductor research and chip
factory construction, to fund critical minerals projects.
Nyrstar last month won Australian government support to
assess the possibility of producing four critical minerals
across two aging smelters, including antimony which is used in
ammunition and for which China has limited exports. But Nyrstar
would need more funds to bring that plan into action.
The meetings were described as a chance to better understand
the Trump administration's priorities as well as meet
administration officials and build relationships, with some
attendees angling for funding opportunities.
Among other miners going are Australia's top lithium
producer Pilbara Minerals ( PILBF ) which largely supplies
lithium to China and South Korea, International Graphite
, which is building out processing capabilities from its
Western Australian graphite mine, and Cobalt Blue,
which is developing its Broken Hill cobalt project in New South
Wales.
Spokespeople from Pilbara Minerals ( PILBF ), International Graphite
and Cobalt Blue confirmed that company representatives would be
in attendance next week.
The delegation will not include Australia's Trade Minister
Don Farrell or Resources Minister Madeleine King. The ministers'
offices did not immediately respond to requests for comment on
prospects for major announcements.
Australia already has a critical minerals partnership with
the United States and under legislation passed in late 2023,
Australian mineral deposits qualify as domestic supply for U.S.
defence procurement.
(Reporting by Melanie Burton; Editing by Lincoln Feast.)