The report "Critical Minerals, Urgent Opportunities" by the Australia-Korea Business Council (AKBC), published in December 2021, delves into the potential opportunities in the critical minerals sector between Australia and Korea. The report emphasises the significance of critical minerals as essential components in various industries, including renewable energy, advanced technology, and electric vehicles. It highlights the abundant reserves of critical minerals in Australia and the growing demand for them in Korea, presenting a compelling opportunity for collaboration and investment. The report explores areas such as mineral exploration, extraction, processing, and supply chain development, underscoring the need for bilateral cooperation to ensure a stable and sustainable critical minerals supply. By leveraging the complementary strengths of both nations, the report proposes strategies to maximise economic benefits, technological advancements, and environmental sustainability in the critical minerals sector.
