Australia and Canada Sign Agreement to Deepen Critical Minerals Collaboration

Doha: Australia and Canada have signed an agreement to deepen their bilateral partnership on critical minerals. Australian Minister for Resources Madeleine King and Canadian Minister for Resources and Energy Tim Hodgson signed the Joint Declaration of Intent on Critical Minerals Collaboration on the sidelines of the G7 Energy and Environment Ministers' Meeting in Toronto. According to Qatar News Agency, the agreement aims to promote and strengthen cooperation and trade in critical minerals value chains. King expressed her anticipation of working with Canada to build resilient supply chains that support innovation and economic growth. Most G7 member states, except Japan, heavily or entirely rely on China for critical materials, including rare-earth magnets and battery metals. Earlier this week, Canada announced its plan to collaborate with G7 partners to secure agreements for the supply of these essential minerals during the two-day meeting.