Overview
- Sefcovic said the EU has completed an initial selection of Australian projects and that the list will be published very soon.
- The bloc is weighing equity investments, long-term off-take agreements and joint ventures to lock in supply.
- Potential financing sources include the European Investment Bank, national development banks and industrial firms offering prepayments.
- The trade chief discussed specific projects with Australia’s Resources Minister Madeleine King during meetings in Melbourne.
- The push follows supply shocks and Chinese export curbs, and EU–Australia trade talks are expected to resume early next year after a 2023 collapse over agricultural access.