India, Australia Explore Enhanced Cooperation in Critical Minerals Processing

05 Jul 2024 CW Team

India and Australia are deepening their strategic partnership in the domain of critical minerals processing. Both nations seek to enhance their cooperation to ensure a stable supply of these essential resources crucial for various high-tech industries.

The initiative comes amidst global concerns over supply chain vulnerabilities and the need for diversified sourcing of critical minerals. India, which has been actively pursuing self-reliance in critical minerals, views Australia as a pivotal partner due to its abundant mineral resources and advanced processing capabilities.

The collaboration aims to leverage Australia's expertise in sustainable mining practices and advanced processing technologies. This partnership could potentially reduce dependency on other global suppliers, ensuring more reliable access to critical minerals essential for renewable energy, electric vehicles, and advanced technological applications.

According to officials, discussions have included plans for joint ventures in critical minerals processing facilities, aimed at bolstering supply chain resilience. This move aligns with India's broader strategy to secure long-term access to key resources while promoting sustainable mining practices and value addition within the country.

Both nations recognize the strategic importance of critical minerals in achieving their economic and technological goals. The cooperation is expected to not only strengthen bilateral ties but also contribute to global efforts towards sustainable and resilient supply chains in the critical minerals sector.

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