That's an interesting headline. Is DC hinting at a greater prize - Japan?
The tone has been set by POSCO. But unlike Japan and Australia, it does not have a free trade agreement with the United States. Japan has to make comparable investments or it will simply lose market share for its established anode industry. IMO, secure Australian supply will be seen as the only way to be resilient in these geopolitical times.
Besides, Japan's experience in Africa has been soured by recent events. It has been forced to leave South Sudan because of the ongoing conflict for a number of years, including earlier this year. Now as the EV-raw materials sector grows it won't want to make that long-term investment mistake again.
Our non-binding MOUs with Mitsubishi Chemicals and HANWA are sounding promising.
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