Australia and Germany signed a joint Declaration of Intent to work together to develop critical minerals value chains.
Critical minerals are essential for clean-energy technologies. such as electric vehicles, batteries and solar panels.
The joint study will create new opportunities for critical minerals projects that support Australia and Germany to reach net zero commitments.
The study will assess:
- how raw and processed critical minerals can contribute to clean energy technology
- expansion of Australia’s critical minerals extraction, refinement, and recycling capability
- the application of high environment, social and governance standards.
The study will help develop Australian industries around critical mineral extraction, refinement and recycling. It will also help Germany secure supplies of critical minerals for manufacturing and recycling activities.