With cooperation with the US already signed off and celebrated, Australia has now inked a critical minerals collaboration deal with neighbouring Canada.
The two countries signed a joint declaration of intent at the start of this month, deepening the already strong bilateral partnership on critical minerals.
The agreement – between the Department of Industry, Science and Resources and Canada’s Department of Natural Resources of Canada – will promote and strengthen cooperation and trade in critical minerals value chains.
Other objectives include advancing projects of mutual interest, encouraging commercial partnerships and research collaborations, and addressing policy challenges faced by producer nations.
Both countries will work to ensure that emerging standards-based markets capture the unique challenges that producers of high standards critical minerals – like Australia and Canada – face.
Minister for Resources and Northern Australia Madeleine King signed the deal on the sidelines of the G7 Energy and Environment Ministers’ Meeting in Toronto.
King said the deal extended a long-standing cooperation between two producers of high standards critical minerals.
“Our national governments have long worked together on resources sector development,” she said.
“As producing nations, it is important we collaborate to ensure both our communities and industry can benefit from growing demand for critical minerals.
“By working together, we can build secure, diversified and sustainable critical minerals supply chains.”
King’s visit to Canada follows the landmark agreement with the US, which will support a $US8.5 billion pipeline of projects across critical minerals and rare earths.
