1. Home
  2. Infrastructure Urban
  3. ECONOMY & POLICY
  4. India, Australia to Enhance Cooperation in Critical Minerals and Processing
India, Australia to Enhance Cooperation in Critical Minerals and Processing
ECONOMY & POLICY

India, Australia to Enhance Cooperation in Critical Minerals and Processing

02 Jul 2024 2 Min Read CW Team
India and Australia are exploring ways to enhance cooperation in critical minerals, their processing, and battery production, according to Commerce Secretary Sunil Barthwal. He mentioned that both countries have signed an interim free trade agreement and are negotiating to expand it into a comprehensive pact.

At a conference on the roadmap for vehicle electrification, Barthwal discussed the potential integration of the Indian and Australian economies in areas such as battery production, mineral production, mineral processing, and vehicle production. He highlighted the steps taken by the Indian government to promote domestic manufacturing of electric vehicles (EVs) and to strengthen the supporting ecosystem, including the enhancement of charging infrastructure.

Australian High Commissioner to India, Philip Green OAM, spoke at the event, emphasizing Australia's significant mineral and energy resources that can support India's "Make in India" initiative. He pointed out that Australia is a leading producer of critical minerals, including being the largest producer of lithium and the second-largest producer of cobalt globally. Green expressed Australia's desire to facilitate easier access for India to these critical minerals and other resources that can aid India's green transition. He stressed that achieving this goal would require a comprehensive free trade agreement.

Critical minerals like copper, lithium, nickel, cobalt, and rare earth elements are vital for the rapidly growing clean energy technologies, such as wind turbines, electricity networks, and electric vehicles. The demand for these minerals is increasing as the clean energy transition accelerates.

Barthwal also mentioned that India, like Australia, has signed a trade pact with the European Free Trade Association (EFTA), of which Norway is a key member.

India and Australia are exploring ways to enhance cooperation in critical minerals, their processing, and battery production, according to Commerce Secretary Sunil Barthwal. He mentioned that both countries have signed an interim free trade agreement and are negotiating to expand it into a comprehensive pact. At a conference on the roadmap for vehicle electrification, Barthwal discussed the potential integration of the Indian and Australian economies in areas such as battery production, mineral production, mineral processing, and vehicle production. He highlighted the steps taken by the Indian government to promote domestic manufacturing of electric vehicles (EVs) and to strengthen the supporting ecosystem, including the enhancement of charging infrastructure. Australian High Commissioner to India, Philip Green OAM, spoke at the event, emphasizing Australia's significant mineral and energy resources that can support India's Make in India initiative. He pointed out that Australia is a leading producer of critical minerals, including being the largest producer of lithium and the second-largest producer of cobalt globally. Green expressed Australia's desire to facilitate easier access for India to these critical minerals and other resources that can aid India's green transition. He stressed that achieving this goal would require a comprehensive free trade agreement. Critical minerals like copper, lithium, nickel, cobalt, and rare earth elements are vital for the rapidly growing clean energy technologies, such as wind turbines, electricity networks, and electric vehicles. The demand for these minerals is increasing as the clean energy transition accelerates. Barthwal also mentioned that India, like Australia, has signed a trade pact with the European Free Trade Association (EFTA), of which Norway is a key member.

Next Story
Infrastructure Transport
22 Nov 2024

Odisha to Get Kharagpur-Visakhapatnam Expressway Soon: Minister

A new greenfield highway connecting Kharagpur in West Bengal and Visakhapatnam in Andhra Pradesh, passing through Odisha, is set to be constructed soon. This expressway is poised to become a vital logistics corridor, enhancing high-speed transportation in the region. Works Minister Prithviraj Harichandan shared that preliminary preparations for the project have already commenced. He emphasised that the expressway would play a crucial role in the Gati Shakti Framework of the Central government, describing it as a groundbreaking initiative in road construction for Odisha. Greenfield roads typi..

Read More
Next Story
Infrastructure Urban
22 Nov 2024

LTTS wins project to develop smart cities in Colorado USA

Mid-sized Indian IT services company L&T Technology Services (LTTS) announced on Monday a strategic partnership with the Colorado Smart Cities Alliance (CSCA) to develop smart city projects across Colorado by integrating innovation and technology. In a regulatory filing, LTTS stated that the collaboration would utilize its advanced engineering expertise to support CSCA's mission of enhancing urban living and creating sustainable ecosystems through smart city solutions. The partnership aims to develop sustainable, efficient, and technologically advanced communities by pooling resources and exp..

Read More
Next Story
Infrastructure Transport
22 Nov 2024

Bengaluru Metro to Expand to 175 km by 2026, Boosting Urban Mobility

Bengaluru’s metro network is set for a major expansion, aiming to extend its total length to 175 km by 2026. This ambitious project is part of the Namma Metro initiative, designed to improve connectivity across the city, alleviate traffic congestion, and promote sustainable urban mobility. The expansion involves constructing new metro corridors, such as the Purple Line and the Outer Ring Road-Airport Line, which will link major city hubs, commercial centres, and residential areas. This development is expected to enhance accessibility for commuters throughout Bengaluru. A key highlight of t..

Read More

Opinion Poll

Question : Which technological advancement do you believe will most transform the real estate industry in the coming years?

Latest updates

Odisha to Get Kharagpur-Visakhapatnam Expressway Soon: Minister
ROADS & HIGHWAYS
22 Nov 2024

Odisha to Get Kharagpur-Visakhapatnam Expressway Soon: Minister

LTTS wins project to develop smart cities in Colorado USA
SMART CITIES
22 Nov 2024

LTTS wins project to develop smart cities in Colorado USA

Bengaluru Metro to Expand to 175 km by 2026, Boosting Urban Mobility
RAILWAYS & METRO RAIL
22 Nov 2024

Bengaluru Metro to Expand to 175 km by 2026, Boosting Urban Mobility

Chennai Metro finishes piling work from Kodambakkam Powerhouse to Porur
RAILWAYS & METRO RAIL
22 Nov 2024

Chennai Metro finishes piling work from Kodambakkam Powerhouse to Porur

Ambuja, ACC stocks plunge after Gautam Adani's US indictments
ECONOMY & POLICY
22 Nov 2024

Ambuja, ACC stocks plunge after Gautam Adani's US indictments

Rajasthan govt and Centre to jointly run extended Jaipur Metro lines
RAILWAYS & METRO RAIL
22 Nov 2024

Rajasthan govt and Centre to jointly run extended Jaipur Metro lines

Hyderabad Civic Body Demolishes Five-Storey Building in Gachibowli
Real Estate
22 Nov 2024

Hyderabad Civic Body Demolishes Five-Storey Building in Gachibowli

Hill highway project to finish by 2026, says PWD minister
ROADS & HIGHWAYS
22 Nov 2024

Hill highway project to finish by 2026, says PWD minister

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000