Australia and the U.S. have signed the Climate, Critical Minerals and Clean Energy Transformation Compact, intended to boost the countries’ clean energy and critical minerals sectors and create secure supply chains. The compact also incorporates imports from Australia in these sectors in the Inflation reduction Act, making the Pacific country’s industry more competitive.
The Australian government is supporting domestic raw materials projects with approximately $33 million. The investment will support 13 companies that mine rare earths and other critical raw materials. Australia, rich in mineral resources, is increasingly becoming an important raw materials producer behind industry-leader China.
The UK has revealed a $1.2 billion Investment strategy in its domestic semiconductor industry over the next decade. The plan aligns the nation with the recently announced cooperation with Japan and sets the European country up to become more independent.
New EU-supported company Holosolis aims to produce ten million photovoltaic modules annually.
Swedish mining company applies to build two plants.
Company from North Rhine-Westphalia invests in product development, including gallium nitride semiconductors.