Digital Products
As Western countries seek to reduce their dependence on China, european union China and Australia have signed an agreement to jointly build a supply chain for critical minerals, which are essential for both the green and digital transitions.
The MoU between the two parties will aim to diversify EU supplies and strengthen Australia’s domestic sector.
“In a technology-driven world, those who control the most important technologies and their supply chains will be in the lead,” EU competition chief Margrethe Vestager said. Said During April.
“Semiconductors, batteries, electric vehicles. Our competitiveness depends inevitably on our ability to produce and deploy these.”
The agreement comes amid growing concerns about China’s digital power.
fromSolar Panel ProductionToEV SalesThis country is leading the worldNumerous advanced technologiesIt is also a major source of raw materials used in a wide range of clean energy products. Technology It can be used in a variety of applications, from solar panels and wind turbines to electric vehicles.
Specifically, the block Import 98% of China’s rare earth element supply, 93% of its magnesium, and 97% of its lithium come from China.
Against this backdrop, our partnership with Australia is highly strategic.
“Australia has some of the largest reserves of critical minerals on the planet,” Australian Trade and Tourism Minister Don Farrell said in a statement.
This country 52% World lithium production. Also Produce A long list of minerals needed for the green transition, including manganese, nickel, copper, cobalt and rare earth elements.
Cobalt and rare earths are equally important for the production of chips, which have emerged as the most in-demand commodity underlying all the technologies that run the economy and the world.
Australia too Great potential China is extracting gallium and germanium, two metals essential to semiconductor manufacturing. 80% Gallium of the World 60% Of germanium.
As geopolitical tensions rise, Western countries limit China gained access to advanced semiconductor manufacturing facilities last year. Imposed Export restrictions on both metals.
In addition to efforts aimed at strengthening both Tips and Clean Technology ProductionPartnerships are key to the EU’s technology sovereignty plans.
The agreement with Australia aims to promote joint projects, research, investment and bilateral trade, covering the entire critical minerals value chain, from mining and processing to refining and recycling.
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“As Western countries seek to reduce their reliance on China, the EU and Australia have signed a deal to jointly build supply chains for critical minerals. These minerals are essential for…”
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