Australia Seeks S. Korean and Japanese Investments Into its Critical Minerals Sector

by | 29. Jan 2024 - 09:30 | Politics

Australia’s resources minister will visit South Korea and Japan this week to discuss investment opportunities. Trip is accompanied by the government releasing a catalog of 52 investment-ready projects.

Australia continuously seeks new international partnerships under its recently unveiled Critical Minerals Strategy to develop strategic projects and leverage its natural resources. To this effect, resources minister Madeleine King will visit Australia’s second and third largest export markets for resources and energy, Japan and South Korea, this week. According to a press release, King will meet with trade ministers from both countries in the capitals of Tokyo and Seoul and afterward convene with executives from major industries and utilities.

Australia already has critical minerals partnerships with both countries, and the visit will “reinforce Australia’s role as a stable and reliable export partner,” King said. Australia and Japan have been collaborating under the Japan-Australia Critical Minerals Partnership since 2022. South Korea and Australia signed the Memorandum of Understanding on Cooperation in Critical Mineral Supply Chains in late 2021.

Australia Publishes List of 52 Investment-Ready Critical Mineral Projects

King’s visit to the two Asian countries is accompanied by the Australian Government unveiling a “prospectus” of 52 investment-ready critical minerals projects. The aptly named Australian Critical Minerals Prospectus (PDF) highlights investment opportunities in projects across the entire critical mineral supply chain, from mining to processing and other value-adding fields. The prospectus will also be released in Korean and Japanese, highlighting the importance of the two countries for Australia’s critical mineral sector.

Photo: iStock/slovegrove

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