ESG

Australia and France to cooperate on critical minerals

AUSTRALIAN resources minister Madeleine King is in Europe this week to discuss critical minerals.

Staff reporter
 King is in Paris this week

King is in Paris this week

King is holding bilateral talks with ministerial counterparts from Germany, the EU, France and the UK, and will take part in the inaugural International Energy Agency (IEA) Critical Minerals and Clean Energy Summit today in Paris.

She announced today that Australia and France had signed an agreement to pursue stronger cooperation on critical mineral supply chains.

Under the agreement, France and Australia will cooperate on a joint study into critical minerals supply chains, and to identify the specific needs of both countries in relation to batteries and rare earth magnets which are needed for clean energy technology, as well as high-technology medical and defence applications.

"The joint study will also look at what the governments of France and Australia can do to overcome obstacles to secure stable supply chains for critical minerals," King said.

"Australia has abundant reserves of critical minerals and our Critical Minerals Strategy sets out the pathway for Australia to diversify global supply chains and become a globally significant supplier by 2030.

"Australia also has a reputation as a reliable export partner, has strong environmental and social standards and corporate governance frameworks, and is an attractive place for foreign investment, particularly in the resources sector."

The joint study is due to be completed by the end of 2023.

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