The American Chamber of Commerce (AmCham), Perth office, arranged a defence and critical minerals trade mission to London, New York and Washington DC from 27 March to 5 April 2023.
The American Chamber of Commerce (AmCham), Perth office, arranged a defence and critical minerals trade mission to London, New York and Washington DC from 27 March to 5 April 2023. AmCham brought a delegation of predominantly Western Australian businesses and institutions on a high-level programme of site visits and briefings with senior leaders and industry in each city. Carolyn Gallop and David Burrows from the Government of Western Australia European Office in London (WAGO) participated in this mission as representatives of the Department of Jobs, Tourism, Science and Innovation (JTSI).
The London leg of the mission included meetings with Rio Tinto, TheCityUK, BAE Systems, Babcock, The Critical Minerals Association, Boeing, and a roundtable hosted by the Hon Stephen Smith, Australian High Commissioner
On Wednesday 29 March, the delegation was hosted by John Langoulant AO, Agent General for a discussion with Benchmark Mineral Intelligence who provided useful insights around market conditions and the current and emerging factors impacting the sector.
In New York the mission met with Squire Patton Boggs, The New York Stock Exchange, Scale Facilitation and the Australian American Association who hosted a round table with representatives from the Consulate General and Austrade.
In Washington DC the group split into two streams, one attending the Sea Air Space (SAS) Conference and Exposition concentrating on defence matters and the other participating in a series of meetings with a critical minerals focus.
The SAS Conference and Exposition included a number of high-level talks and roundtables mainly concentrating on the current maritime security priorities in the US. Over 1700 defence companies and related organisations were on exhibit including 51 companies and institutions on the Australian stand with Western Australia represented by ONETIDE and DUG Technology.
The critical minerals stream met with The Export–Import Bank of the United States (EXIM), The Zero Emission Transportation Association (ZETA) headed by Al Gore III, Ioneer, Miltton USA, The United States Geological Survey (USGS), Bloomberg Government the US Chamber of Commerce the Department of Energy’s Loans Program Office, and the Australian Embassy, Department of Foreign Affairs and Trade (DFAT) and Austrade. There was also a briefing hosted by the Honourable Arthur Sinodinos AO, former Ambassador to the US.
The Critical Minerals Stream concentrated on the impact of the Inflation Reduction Act (IRA) on opportunities for critical minerals suppliers based in WA. In general there appeared to be plentiful opportunities to supply into the US market as Australia has a Free Trade Agreement (FTA) with the US and the IRA provides preferential access to FTA partners.