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Australia and Canada Boost Critical Minerals PartnershipTogether, they supply about one-third of global lithium and uranium, aiming for deeper ties by 2026 under G7 initiatives.
Key FactsMar 5, 2026 · Reading time: ~45 sec.
Summary created with AI assistance · Source: reuters.com
Summary created with AI assistance · Source: reuters.com
- Australia and Canada signed new agreements on critical minerals as Canadian Prime Minister Mark Carney addressed the Australian parliament for the first time since 2007.
- Both nations are major global producers of lithium, uranium, and iron ore and are joining Canada-led G7 efforts to diversify supply chains.
- Australia allocated A$1.2 billion to establish a strategic minerals stockpile aligned with Canada's defense reserves.
- The partnership will expand beyond minerals to include cooperation in defense, trade, maritime security, and artificial intelligence.
In a world of great power rivalry, middle powers have a choice: compete for favour or combine for strength.— Mark Carney, Canadian Prime Minister, addressing the Australian Parliament.
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