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Chinese Premier Li Qiang visited a lithium processing plant in resource-rich Western Australia state on Tuesday, highlighting China’s push to secure critical minerals as Washington tries to break Beijing’s supply dominance.
While China has largely lifted suspensions imposed on $20 billion worth of Australian exports in 2020, after Canberra sought an investigation into the origins of COVID-19, it continues to express concerns about obstacles to Chinese investment in Australia’s vast resources industry. Australia last month blocked several Chinese investors from increasing stakes in a rare earths miner on national interest grounds, and last year blocked the acquisition of a lithium mine by Chinese interests.
Cooperation was important for stabilising industrial supply chains and boosting economic growth, Li said, according to Chinese state news agency Xinhua. “Our commitment to investing in local manufacturing doesn’t mean cutting trade ties or pulling-up the economic drawbridge. Far from it,” he said. Tianqi Lithium Chief Executive Frank Ha told the Australian Financial Review on Monday the company had not sought incentives but now that they were on the table it wanted a “fair go”.Albanese told ABC Radio on Tuesday that Australian officials had expressed concern to China’s embassy over an incident at parliament house involving Chinese officials and Australian journalist Cheng Lei.
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