US, Australia Sign MoU on Energy Mineral Resources

The U.S. and Australia signed a memorandum of understanding on energy mineral resources that partly aims to strengthen trade between the two countries, the State Department said Nov. 18. The agreement supports supply chains of energy materials “by facilitating trade and industry connectivity,” the agency said, part of an effort to increase industry collaboration on mineral-related goods and clean energy technologies. The two sides signed the deal because they “recognize that global demand for energy minerals will increase dramatically in the coming years, presenting complex challenges for countries endowed with these minerals,” the State Department said.