The Australia and United Kingdom Critical Minerals Statement of Intent supports net zero commitments.
The statement helps both nations to:
- increase and diversify critical minerals supply chains
- build downstream processing and manufacturing capabilities
- create skilled and high-paying jobs in regional communities.
Australia and the UK intend to:
- identify and promote investment opportunities in clean energy technologies and upstream extraction
- promote high environmental, social and governance standards in critical minerals processing
- encourage exchange of skills and expertise between Australian and UK firms.
Critical minerals are used to develop clean energy technologies, like solar panels and batteries.
The statement is coordinated by the Australia-United Kingdom Joint Working Group on Critical Minerals, who will identify an initial set of priorities for collaboration.