Media Watch - NVX related, page-12242

JOURNALIST: Prime Minister, that announcement is about big investment in Australia. But this week, part of your agenda is about the Inflation Reduction Act, which is, people are saying, business around the world is sucking capital into the United States of America, and could actually deprive countries like Australia of business. You're going to be meeting legislators at Congress later this week. What's your message to American legislators about the impact on Australia of the Inflation Reduction Act bringing all that capital into the US? They want American jobs, they don't really want Australian jobs, do they? What's your message to them about why they should think about Australia in that context?

PRIME MINISTER: My message is that they have an interest in a global reduction in emissions. That the United States can't view these issues as just a nation state. That they need to view these issues as one in which we, as partners, are able to contribute as well. And tomorrow, we'll have some further announcements on the way in the critical minerals and energy space. I signed a compact with President Biden in Hiroshima just a few months ago on the sidelines of the G7 and the Quad meeting that we held there. And at that bilateral meeting, that agreement recognises the capacity of Australia and the United States working together, including through getting access to some of the mechanisms that are there with the Inflation Reduction Act will actually assist the objective of that Act, which is a reduction in emissions, a growth in new industries, growth in manufacturing here, yes. But we're in strong position, as the world's largest supplier of lithium, for example, a significant supply of cobalt, vanadium, copper, nickel. The minerals that will power the globe in the 21st century are things that Australia has significant amounts of. And we want to work, as well, with US companies. We want to see announcements in that space, like the announcement that we've had here today, to benefit both of our nations.

Let’s see what tomorrow brings. Transcript from PMs speech in DC today