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Collaborative Partnership between Korea Eximbank and Export Finance Australia



The Export-Import Bank of Korea (Korea Eximbank) and Export Finance Australia (EFA) have signed a memorandum of understanding (MOU) to collaborate on stabilizing the core mineral supply chain. The MOU aims to support Korean companies investing in Australian minerals such as lithium and nickel, which are crucial for battery production. Under the agreement, both Korea Eximbank and EFA have agreed to provide joint financial support for these investments.

EFA, Australia's official export credit agency, assists Australian enterprises in their exports and overseas operations. This collaboration between Korea Eximbank and EFA aims to strengthen their cooperation on various projects, including hydrogen, renewable energy, and carbon capture initiatives. Additionally, the two organizations will work together on infrastructure projects in India and the Pacific region.

This partnership is expected to promote stability in the mineral supply chain and enhance the growth of the battery industry. With the increasing demand for electric vehicles and renewable energy storage, the availability and affordability of minerals such as lithium and nickel are crucial. By providing joint financial support, Korea Eximbank and EFA aim to facilitate investments in these minerals, thereby ensuring a stable supply for the battery industry.

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