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Australia and the United States will join forces in the international competition for an adequate supply of critical raw materials in the future. The two countries have signed an agreement titled “Climate, Critical Minerals and Clean Energy Agreement”. Australian Prime Minister Anthony Albanese described the deal as “an ambitious” plan during a parliamentary debate.
The ultimate goal of Australia and the United States is to promote and protect the sustainable supply and processing of critical minerals in both states. “This creates an enormous opportunity for Australia, and I can only underline how important it is,” Prime Minister Albanese told media representatives after the Quad Group summit, which includes Australia and the United States, India and Japan.Hiroshima, Japan.
The White House statement also emphasized that the agreement is intended to improve the availability of critical minerals in both countries. This should be done through mutual investments. To facilitate that, cooperation between the financial sectors of the two countries should also be improved. State financing agencies such as the US Export-Import Bank and Export Finance Australia will be a key component of the strategy.
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