India and Australia Forge Strategic Partnership to Counter China’s Hold on Critical Minerals
Australia and India are intensifying their cooperation on critical minerals, which are essential for the transition to clean energy technologies. Both nations aim to reduce reliance on China by strengthening their supply chains through a newly established partnership. This initiative aims to bolster sustainable mining and secure a diverse supply of essential minerals.
Australia and India are stepping up their cooperation on critical minerals, responding to the global demand for clean energy technologies. This collaboration is intended to reduce dependence on China, which dominates the supply chain for these valuable resources.
The two nations have signed an interim free trade agreement, which will evolve into a comprehensive pact, aimed at deepening their ties in the mining and processing of critical minerals. Important elements like lithium and cobalt, essential for electric vehicles and renewable energy storage, are at the center of this newfound collaboration.
The partnership also includes the establishment of the Australia-India Critical Minerals Research Hub, to promote sustainable mining practices and robust supply chain systems. This initiative is crucial as the world transitions to cleaner energy, making secure and diversified access to critical minerals a top priority for both countries.
(With inputs from agencies.)
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