A number of critical mineral producers will likely be ineligible for U.S. Inflation Reduction Act (IRA) subsidies, as the US government has published draft rules forbidding access to enterprises with stakes held by Chinese investors.

Speaking at the Sydney Energy Forum, leaders from the United States and Australia have highlighted the importance of not only transitioning to renewables, but of ensuring the supply chains used to make the technologies do not remain as concentrated as they are today.