No wonder mining magnates like Andrew Forrest and Gina Rinehart and Tier 1 Mining Companies are investing in Critical Minerals projects in WA.

Whether it is the US, Japan, Korea or the EU, Australia is in the box seat.

When you have High Grade, Very High Recovery, Thick REE Clays from surface/close to surface, 21km x 2.5kms of Rare Earths and in the same rock Nickel, PGEs, Chromium and Gold at Innouendy.

As Desert Metals continues to release ASX announcements, a tipping point will be reached whereby significant rerating of the company will occur and we will be at all time highs.

This is the best time in Australia's History to be developing one of the world's largest REE Clay deposits with Nickel, PGEs, Chromium and Gold to boot...

GLTA DM1 Shareholders

Australia’s critical minerals to drive USA's EV battery program | Minerals Council of Australia

Australia’s critical minerals to drive USA's EV battery program

Australia’s critical minerals will drive the United States’ electric vehicle battery program following the announcement by the US to grant Australia preferred status.

The Inflation Reduction Act is a major step forward for the Australian Government’s manufacturing agenda and will help underpin the demand for high quality Australian battery minerals.

Under the Act, 40 per cent of the value of the critical minerals in the battery must be sourced from a country that has a free-trade agreement with the United States, increasing to 80 per cent by 2027.

The Pentagon sets it sights on Australia’s critical minerals - Mining Technology (mining-technology.com)

Partnering with Korea on clean energy technology and critical minerals | Australian Government Department of Foreign Affairs and Trade (dfat.gov.au)

Partnering with Korea on clean energy technology and critical minerals

Heralding a new era in Australia-Korea relations, the newComprehensive Strategic Partnership (CSP)announced by leaders in December will generate opportunities for business, drive practical cooperation and innovation.

Australia-Japan strengthen critical minerals cooperation | Ministers for the Department of Industry, Science and Resources

Australia-Japan strengthen critical minerals cooperation

22 October 2022

Joint media release with Prime Minister Anthony Albanese.

Australia and Japan have signed a new partnership on critical minerals to help build secure supply chains for critical minerals, which are crucial elements of clean energy technologies needed to help both countries meet net-zero commitments.

https://www.theaustralian.com.au/nation/critical-minerals-key-to-australias-freetrade-deal-with-europe/news-story/23e5b3143e94771492b5888124a0536b

Critical minerals key to Australia’s free-trade deal with Europe

Trade Minister Don Farrell is in Europe seeking to advance negotiations for an EU-Australia trade deal. Picture: Tom Huntley

• EXCLUSIVE

  ByJOE KELLY

  CANBERRA BUREAU CHIEF

  @joekellyoz
• 8:11PM DECEMBER 9, 2022
• 1COMMENT

Australia is leveraging its abundance of critical minerals and Europe’s dependence on Chinese supply to secure a breakthrough in the latest round of high-level talks for a free-trade deal, as the Albanese government aims to clinch an agreement early next year.

In Europe to advance the negotiations that began in 2018, Trade Minister Don Farrell is telling counterparts a free-trade deal with Australia will help diversify critical mineral supply lines, reduce reliance on Beijing and assist in decarbonising the European economy.

The position is being framed as a deal sweetener given the Albanese government’s hardline stance for Australian agriculture to gain expanded access to the European market and its refusal to wind back the nearly $900m-a-year luxury car tax. Labor is also resisting pressure to rebrand domestically produced products such as prosecco, parmesan or feta cheese in line with the EU’s stance on geographic indicators.

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Trade and Tourism Minister Don Farrell has discussed when the European Union’s tree trade agreement with… Australia could potentially be finalised. “I don’t want to put a particular date on it,” Mr Farrell told Sky News Australia. “It was very much the wish of the Europeans that weMore

“We think, as part of these overall discussions, the Europeans need to take into account that they don’t want to be left in a situation where the only place they can get critical minerals from is China,” Senator Farrell told The Weekend Australian.

“We have learnt the lesson of putting all your eggs in the China basket. We need to diversify our trading relationship … We’ve got a heap of these critical minerals. But they are going to be expensive to extract. Much more ... than, say, mining iron ore, which you can do for $20 or $30 a tonne.

“What that requires is investment. We want to be investment partners with the Europeans … because we are like-minded. We are both on the same side in the Ukraine/Russian fight.”

READ MORE:‘Absolute scandal’: Fletcher slams EU quotas|Axe luxury car tax if you want trade deal: EU|Farrell’s pitch for fair trading

Australia’s latest pitch taps into heightened concerns in Europe over its electric vehicle industry following the passage in America of $US369bn in green tax breaks through Joe Biden’s flagship Inflation Reduction Act. Its passage has dialled up trade tensions across the Atlantic and ignited new fears of a subsidy race as Europe frets it will lose investment to America at a time when the energy crisis has already hit industry.

European Union Trade Commissioner Valdis Dombrovskis. Picture: Saul Loeb/Pool/AFP

Speaking to The Weekend Australian in Brussels, where he met with EU Trade Commissioner Valdis Dombrovskis, Senator Farrell said the Inflation Reduction Act had allowed America to “prioritise Australian critical minerals in their supply chain” for green industries including making electric vehicles.

But he noted the EU was not a major market for Australian exporters. In 2021-22, it represented just 2 per cent of Australia’s total exports of lithium concentrates, while exports of other key minerals used in lithium-ion batteries, such as cobalt, rare earths and nickel, were nil to negligible.

Senator Farrell said Europe had committed to stop producing fossil-fuel cars by 2035 and there was now “a time frame in which they need to decarbonise”, and this brought new investment opportunities in Australia.

“Australia has the critical minerals to support the EU’s climate ambitions. If the EU wants to be a partner of choice for Australia, we need this FTA to take our trade and climate relationship to the next level,” he said.

The EU, a high-income market of about 445 million people with a GDP of about $23 trillion, is Australia’s third-largest two-way trading partner of goods and services worth $84bn.