Key international industry leaders and representatives are gathering in Darwin to discuss opportunities in the Northern Territory’s critical minerals sector.
Delegates from Australia, Japan, the Republic of Korea and the US will attend the second annual Darwin Dialogue from today until April 19.
Discussions on the docket will include critical minerals and rare earths production, supply chain resilience and economic security.
“The Territory is a key player when it comes to the global supply chains for the critical minerals required for new technologies and the energy transition,” NT Chief Minister Eva Lawler said.
“This summit cements our position on the national stage.”
A huge driver of the economy, NT mineral production was more than $4.86 billion last year, with 4400 people employed across the industry.
The demand for critical minerals is expected to continue to grow to support renewable energy, battery storage and high-technology industries.
Convened by the Australian Strategic Policy Institute (ASPI), the summit will pay particular focus to the opportunities and strategic importance the NT will play in the critical minerals supply chain for Australia and global partners.
“The Territory Government will always back projects that get Territorians working,” NT Minister for Mining Mark Monaghan said.
“It is clear that the demand for critical minerals is driving this growth in exploration, and as it stand over 4400 Territorians work within the minerals industry.”
Federal Minister for Resources Madeleine King will be in attendance at the event, which will take the form of a mini-lateral and bilateral cooperation forum.
The ASPI said substantial foreign investment is needed to support the NT’s burgeoning critical minerals and rare earths sector.
“Examples, such as Japanese investment in the Australian-owned company Lynas Rare Earths, have already transformed the industry,” the ASPI said.
“Continued investment from like-minded foreign partners will be critical to achieving greater resilience in the global market, creating positive outcomes for Australia and partner nations.”
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