Australia and Canada last week signed a Joint Declaration of Intent on Critical Minerals Collaboration, deepening their bilateral partnership on critical minerals.
Minister for Resources Madeleine King and Canadian Minister for Resources and Energy Tim Hodgson signed the joint declaration 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 challenges that producers of high standards critical minerals like Australia and Canada face.
King says 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,” King says.
Minister for Energy and Resources Tim Hodgson adds that as producing nations, it is important to collaborate to ensure both communities and industry can benefit from growing demand for critical minerals.“From defence applications to clean manufacturing, critical minerals are at the heart of the economic and national security of both our countries,” he says.
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