EU, Australia Move to Secure Critical Minerals Supply Chain for Net Zero Ambitions

The MoU will focus on the integration of sustainable raw materials value chains and cooperation on research and innovation along the raw materials value chains.

European Union flags fly outside the European Commission headquarters in Brussels, Belgium, on March 1, 2023. Johanna Geron/Reuters

The EU and Australia signed a Memorandum of Understanding (MoU) to ensure the future supply of sustainable critical minerals, making shared commitments to building vital supply chains.

With the primary goal of linking secure and sustainable critical minerals supply chains between the EU and Australia, both countries recognise this move as a means of accelerating their net zero transition objectives.