Joint Statement of Intent between Australia and the United Kingdom on collaboration on critical minerals

Country / jurisdiction: Australia · Year: 2023 · Status: In force · Level: National · Type: Voluntary

The Australia and United Kingdom Critical Minerals Statement of Intent supports a commitment to strengthen international critical minerals supply chains, promote economic security and meet net zero targets. The countries will work together to pursue the following shared objectives:

Increase and diversify critical minerals supply chains;

Build downstream processing and manufacturing capabilities;

Create skilled and high-paying jobs in regional communities.

Through the Statement of Intent, Australia and the United Kingdom intend to:

Identify and promote investment opportunities in clean energy technologies and upstream extraction;

Seek avenues for enhanced research and development collaboration, including geoscience, downstream minerals processing, and the development of environmentally sustainable technologies;

Promote high environmental, social and governance (ESG) standards in critical minerals mining and processing;

Consider further coordination of critical minerals policy;

Encourage exchange of skills and expertise between Australian and United Kingdom firms.

Collaborate on topics of resource efficiency, substitution or recycling of specific critical minerals.

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.

Official source: https://www.industry.gov.au/publications/joint-statement-intent-between-australia-and-united-kingdom-collaboration-critical-minerals