Chinese Premier Li Qiang wrapped up his Australian visit in Perth, focusing on China's investments in critical minerals, clean energy, and business ties. Perth, the capital of Western Australia state, is a significant player in the global iron ore market, supplying 39% of the world's iron ore last year. This commodity has been crucial to Chinese industrial growth, thus avoiding trade bans imposed on other Australian exports.
During his visit, Li explored Fortescue's clean energy research facility, showing interest in their plans for carbon emission-free iron ore production, also known as 'green iron.' The facility is testing technologies like hydrogen, ammonia, and battery power for various transportation modes and mining equipment.
