☕️ Oval Office meeting
Albo is headed to DC - and critical minerals are on the agenda.
Anthony Albanese is heading to the White House for an Oval Office meeting with US President Joe Biden this week, a visit which takes place against the backdrop of renewed geopolitical instability.
Tellingly, Resources Minister Madeline King will also be in Washington DC this week, and there are expectations the two countries could announce a deal on the critical minerals Australia produces such as lithium, cobalt, nickel and rare earths. More access for Australian companies to subsidies as part of Biden’s $US370 billion Inflation Reduction Act gravy train could also be on the cards.
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Market News: Liontown Resources shares resumed trading after a week long halt, and were summarily smacked. That’s what happens when you are forced into a deeply discounted equity raising following the collapse of a takeover deal for your business.
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