Today we begin a two-bulletin series comparing the Critical Mineral Strategies of
The Critical Minerals Lists of
Let's first look at the list of critical minerals in both countries, 26 in
Alumina (High-purity) | X | |
Aluminum | X | |
Antimony | X | X |
Beryllium | X | |
Bismuth | X | X |
Cesium | X | |
Chromite | X | |
Chromium | X | |
Cobalt | X | X |
Copper | X | |
Fluorspar | X | |
Gallium | X | X |
Germanium | X | X |
Graphite | X | X |
Hafnium | X | |
Helium | X | X |
Indium | X | X |
Lithium | X | X |
Magnesium | X | X |
Manganese | X | X |
Molybdenum | X | |
Nickel | X | |
Niobium | X | X |
Platinum-group elements | X | X |
Potash | X | |
Rare-earth elements | X | X |
Rhenium | X | |
Scandium | X | X |
Silicon | X | |
Tantalum | X | X |
Tellurium | X | |
Tin | X | |
Titanium | X | X |
Tungsten | X | X |
Uranium | X | |
Vanadium | X | X |
Zinc | X | |
Zirconium | X |
The Australian Strategy states that a process to update the list will be established to ensure that it responds to global strategic, technological, economic, and policy changes.
We should also mention that
The Canadian Strategy states that the federal government will engage with the provinces and territories through a task team to help "refine" and support
The Australian Strategy states that critical minerals are essential to manufacture technologies that will help the transition to net zero emissions, such as electric vehicles, batteries, permanent magnets for wind turbines, solar photovoltaics, hydrogen electrolyzers, and energy-efficient technologies like LEDs.
Similarly, the Canadian Strategy says that critical minerals are the building blocks for the green and digital economy, for renewable energy production and storage, electric vehicle batteries, defence and security technology, consumer electronics, and critical infrastructures.
Both
A Focus on Exploration: The Australian Approach
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"Up to 80 per cent of the Australian continent remains underexplored, with significant potential to discover new deposits," 2 says the Australian Strategy, which adds that
The Australian Strategy goes on to say that mineral exploration "will continue to be supported by the globally recognized expertise within Geoscience Australia and state and territory geological surveys that improve our understanding of
The Australian Strategy has six focus areas, one of them being "Developing strategically important projects" and under that focus area, one specific goal is to "[e]nable a pipeline of new critical mineral discoveries and projects by supporting exploration." 4 Quite logically, the Strategy states that "[i]n order to build clean energy technologies, we first need to know where to find the raw minerals" 5 and the Strategy underlines that
Footnotes
1. Available online : https://www.industry.gov.au/sites/default/files/2023-06/critical-minerals-strategy-2023-2030.pdf
2. Page 12 of the Australian Strategy.
3. Ibid.
4. Page 18 of the Australian Strategy.
5. Page 23 of the Australian Strategy.
6. Ibid.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
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Fasken
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