Australia Strikes Pact With UK on Minerals, Rare Earths
Australia and the United Kingdom have pledged to boost the global supply of critical minerals needed to power a cleaner world economy.
Australia is the world’s top producer of raw lithium and other crucial ingredients for electric cars, new energy equipment and advanced communications.
But with China dominating the supply of purified critical minerals and rare earths, the two allies have agreed to work together to shore up supply chains.
The UK Minister for the Indo-Pacific Anne-Marie Trevelyan on Tuesday signed a letter of intent with federal Resources Minister Madeleine King in Perth.
Trevelyan said the two countries wanted to futureproof supplies as critical minerals are essential to achieving net zero emissions….