EUROPEAN LITHIUM LIMITED, page-3028

AFR 13.2.23 H. Van Leeuwen said

"The heads of the EU’s 27 member countries used their latest summit to sign off a so-calledGreen Industrial Plan. This is the latest in an increasingly bewildering sheaf of strategies and blueprints to get the bloc to net-zero greenhouse gas emissions.

Berlaymont, the European Union’s Brussels HQ and a potential source of succour for a clutch of ASX minnows. Bloomberg

Yes, it feels like just another doorstopper from the Brussels bureaucracy factory. But it’s worth having a closer look, especially if you’re an investor in any number of ASX-listed companies with an energy transition-related play in Europe.

Shareholders in the likes of Vulcan Energy, European Metals[EMH], European Lithium, Infinity Lithium, Elementos, Nordic Nickel, Talga Resources and Neometals, and also any Australian company planning to sell raw materials to EU-based processors or manufacturers, could stand to benefit.

The GIP, which European Commission President Ursula von der Leyenfirst announced at Davosa few weeks ago, came in response to the Biden administration’s Inflation Reduction Act and its $US369 billion ($532 billion) of green subsidies.EU governments have fretted that the IRA might tempt European companies in critical minerals, battery tech and electric vehicles, or their supply chain partners, to prioritise their US investment plans or shift outright across the Atlantic...".