Australia, Germany back critical minerals projects to bolster climate efforts

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Image credit: Minister Madeleine King

Australia and Germany have partnered to pave the way for new opportunities for critical minerals projects as part of a broader effort to achieve climate and energy goals. 

The agreement between the two countries will help Australia meets its ambitions to develop value-added industries around critical minerals and boost Germany’s efforts to secure reliable supplies of critical minerals to underpin its manufacturing and recycling activities. 

Minister for Resources and Northern Australia Madeleine King signed a joint declaration of intent in Perth last week with Parliamentary State Secretary for Economic Affairs and Climate Action, Dr Franziska Brantner. 

The declaration with Germany help Australia understand which critical minerals are most important to support Germany’s industries and how Australia can be a partner of choice in meeting these demands, Minister King said in a statement

“Both Australia and Germany recognise the important opportunity we have to build diverse, resilient and sustainable critical minerals value chains,” King said.

“Australia has vast reserves of critical minerals, which are essential components for clean-energy technologies such as electric vehicles, batteries, solar panels and wind turbines,” the minister added. 

King is slated to release Australia’s Critical Minerals Strategy, which will help bolster the sector and highlight the important role critical minerals can play in Australia’s commitment to net zero emissions by 2050.