Mining minerals

Australia joins Global Critical Minerals Partnership

PERTH (miningweekly.com) – Australia has joined the Minerals Security Partnership in its quest to develop and secure global supply chains for critical minerals that are crucial to clean energy technologies and the global transition to clean energy.

Australia joins the United States, Canada, Finland, France, Germany, Japan, the Republic of Korea, Sweden, the United Kingdom and the European Commission in this mission.

“The United States has taken a strong lead on the new partnership, which will help member countries connect with key markets in our region and around the world, and help integrate Australia into supply chains and critical international mineral technologies crucial to the global economy,” the Foreign Minister said. Trade and tourism Don Farrell said.

“The partnership aims to catalyze public and private investment for mining, processing and recycling projects that meet the highest environmental, social and governance (ESG) standards.”

Minister for Resources and Northern Australia Magdalene King held a bilateral meeting with the US Secretary of Energy Jennifer Granholm discuss the importance of critical minerals for the transition to clean energy and the manufacturing of new battery technologies, solar and electric vehicles, and how to improve cooperation on critical minerals.

“My discussions with Secretary Granholm were extremely positive and highlighted how Australia and the United States can work together to foster the development of critical minerals and diversify global supply chains,” King said.

“We agree that continued and secure supplies of critical minerals will be crucial for modern renewable technologies that will ultimately help our two countries, and the world, achieve our net zero ambitions.”

Granholm added that as building blocks for clean energy technologies, critical minerals are integral to shared US and Australian climate goals, and that enhancing diversity and uplifting responsible standards for their associated supply chains is an area ripe for enhanced bilateral cooperation.

“I am delighted with the productive conversations I have had with Minister King and Australian industry on how to leverage our strengths and resources,” she added.

King and Granholm agreed that officials from the two countries would meet within three months to make further progress on the recently signed Net Zero technology acceleration partnership between Australia and the United States.

Farrell, King and Granholm also witnessed the signing of a memorandum of understanding (MoU) between Australia’s Arafura Resources and US major General Electric (GE).

The memorandum of understanding will see GE progress in negotiations to buy rare earth materials from the Nolans project in Arafura, Northern Territory, as a key component of wind turbine renewable energy generators.