Australia's minerals agency, GeoScience Australia and its US counterpart, United States Geological Survey (USGS) have inked a formal critical minerals research agreement to jointly develop both nations’ critical mineral assets.
The research agreement will:
- Focus on quantifying the worldwide supply potential of critical minerals like rare earths.
- Prioritise developing big data to understand demand and supply scenarios for improving the critical minerals pipeline.
- Lessen the nations’ vulnerability to supply disruptions of critical minerals.
- Weaken China's grip on critical minerals essential for modern technologies.