Australia and Canada have signed a Joint Declaration of Intent on Critical Minerals Collaboration, deepening their bilateral partnership on critical minerals.
Minister for Resources and Northern Australia Madeleine King and Canadian Minister for Resources and Energy Tim Hodgson signed the Joint Declaration of Intent on the sidelines of the G7 Energy and Environment Ministers’ Meeting in Toronto.
The agreement – between the Department of Industry, Science and Resources and 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 King said Canada, like Australia, holds some of the world’s most significant critical minerals and rare earths reserves.
“Our national governments have long worked together on resources sector development,” Minister King said.
“I am delighted to continue this important partnership with my counterpart, Tim Hodgson, Minister for Energy and Resources.
“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.
“From defence applications to clean manufacturing, critical minerals are at the heart of the economic and national security of both our countries.
“I look forward to working with Canada to build resilient supply chains that support innovation and economic growth.”
Minister King’s visit to Canada follows the landmark agreement with the United States, the United States-Australia Framework for Securing of Supply in the Mining and Processing of Critical Minerals and Rare Earths, which will support an $US8.5 billion pipeline of projects across critical minerals and rare earths.
The Joint Declaration of Intent on Critical Minerals Collaboration is available on this link: https://www.industry.gov.au/publications/joint-declaration-intent-between-canada-and-australia-critical-minerals-collaboration
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