EU, Australia sign critical minerals pact to diversify supply chains

A lithium project in Western Australia. (Image: Bloomberg)

Wed, 29 May 2024

(Bloomberg) -- Australia and the European Union have struck an agreement to boost cooperation and investment in critical minerals, part of a drive by Western nations to loosen China’s grip on supply chains of materials essential to high-tech and green manufacturing.Ministers in Canberra and Brussels signed a memorandum of understanding on Tuesday, which will be followed by the joint development of “concrete actions” over the next six months to improve collaboration on critical minerals projects.Why the Fight for ‘Critica...

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