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The pit at Citic Pacific Mining's Sino Iron magnetite iron ore project in the Pilbara region of Western Australia on March 5, 2010. AMY COOPES/AFP via Getty Images
Australia and the United Kingdom have pledged to boost the global supply of critical minerals needed to power a cleaner world economy.
Australia is the world’s top producer of raw lithium and other crucial ingredients for electric cars, new energy equipment and advanced communications.