Quoting from a section of a just-released ABC News article:
German Foreign Minister Annalena Baerbock warns against becoming too reliant on China
A lithium trade deal?
The comments come at a time where Germany says Beijing is "striving for hegemony" in the Asia Pacific region and "calling principles of international law into question". Under Xi Jinping China has become more aggressive on trade and expansion. "They [have] made it very clear in their speeches, and then their foreign policy, that they are also challenging democracies worldwide," Ms Baerbock said. To counter Chinese influence on trade and any over-dependence on them from Germany, the foreign minister said she would look to trade on critical minerals directly with Australia. "Lithium comes from Australia then it's being exported to China, processed there, and then we import it again," she said. "The smartest thing not only for diversification, but also strengthening ties between democracies, and free markets, would be if we could import the lithium directly from Australia."
I wonder if:
- There be a nice rise in AUS Li SPs when the ASX reopens?
- Other foreign ministers are going to come out with similar sentiments about starting to cut China out of the loop more often?
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