Australia and Canada Forge Path on Critical Minerals Collaboration

Australia and Canada have taken significant strides to enhance bilateral cooperation on critical minerals. In a key development at the Group of Seven meeting in Toronto, the two nations signed an agreement that underscores their commitment to strengthening trade and collaboration in this vital sector.

The initiative is seen as a strategic move to reduce reliance on China, which dominates the global market for materials needed in technologies ranging from rare earth magnets to battery metals. The announcement follows Canada's expressed desire to bolster mineral supply partnerships during the G7 talks.

This recent agreement is part of a broader effort by both countries, which also includes a previous deal between Australia and the U.S., to create resilient supply chains and support economic growth through innovation. Australia's Resources Minister, Madeleine King, emphasized the importance of this collaboration for future stability and prosperity.