Biden’s $100 billion plan opens opportunities for Australian suppliers
about 1 year in news
The Motley Fool Chief Investment Officer Scott Phillips says Australian companies stand to potentially gain from US President Joe Biden's upcoming $100 billion spending initiative.
"Resource companies, most likely, battery metals, lithium and rare earth in particular, seem to be the businesses that are most likely to be able to supply the US under this deal," Mr Phillips told Sky News Australia.
"We don't yet know how much of that money might be spent on Australian products by Australian companies.
"Right now, the number is zero - anything more is good news."
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