Australia and France are launching a joint study into critical minerals supply chains to identify the specific needs of both countries in relation to batteries and rare earth magnets, which are needed in the manufacturing of clean energy technology.
The study is part of a Bilateral Dialogue on Critical Minerals agreement signed by Australian Minister for Resources and Northern Australia Madeleine King and French Minister for the Energy Transition Agnes Pannier-Runacher.
The partnership agreement is aimed at strengthening cooperation between the two countries on critical mineral supply chains.
The study will also explore potential policies that can be implemented by France and Australia to overcome obstacles to secure stable supply chains for critical minerals.
“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,” Minister King said.
“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 expected to be completed by the end of 2023.
Both Australia and France are committed to lowering emissions and achieving net zero emissions by 2050.
