Australia Signs Critical Minerals Deal to Support India’s New-Energy Economy

On 4 June, Australia signed a deal to supply India with critical minerals needed for their new-energy economy. The agreement enhances bilateral trade, investment and research and development in critical minerals.

Australia will become one of the top suppliers of cobalt and zircon to India. Other minerals it could supply include lithium, antimony, rare earths and tantalum.

Australia is reinforcing its position on the critical minerals market. The country is broadening its push to supply materials such as lithium and rare earths to strategic trade partners. In the past two years, Australia signed similar agreements with the United States.

More information is available here.

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