Quad nations commit $20 billion for critical minerals supply chains

This framework agreement between India, Australia, Japan, and the United States commits the four nations to support secure critical minerals supply chains through coordinated investment and economic policy tools. It aims to accelerate the development of diversified markets for minerals essential to advanced technologies and economic growth.

The agreement involves India, Australia, Japan, and the United States. It affects the critical minerals sector, including mining, processing, recycling, and advanced technology industries, as well as government agencies (export credit agencies, development finance institutions) and private sector companies involved in supply chain projects.

• Mobilization of up to $20 billion in government and private sector support for critical minerals supply chains.
• Support for projects in mining, processing, and recycling through tools like guarantees, loans, equity, insurance, and subsidies.
• Cooperation on regulatory alignment, including sharing best practices for permitting and licensing.
• Development of tools to review transactions involving critical minerals that threaten national security.
• Collaboration on geological mapping, resource assessment, and technology development.
• Initiatives to improve recovery and recycling of critical minerals from e-waste and scrap materials.
• Exploration of streamlined export and import procedures for relevant waste and scrap among partners.

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