2. Attracting investment and building international partnerships

Australia is strengthening its alignment with our partners across demand, investment and supply chains to support more secure and resilient global markets.

Why action is needed

International demand for critical minerals is growing as countries seek to strengthen their national security, economic resilience and enhance defence capabilities, diversify supply chains and accelerate the energy transition. Australia has significant resource endowments, world‑class mining expertise and a strong reputation as a trusted and reliable trading partner. We have already made significant progress in working with our partners to translate shared commitments into action.

Realising this opportunity will require deeper collaboration with international partners. While Australia is a major producer of many critical minerals, processing and manufacturing remain concentrated in a small number of economies. Building more diverse and resilient supply chains will require coordinated action between governments and industry to mobilise investment, secure market access and bring new projects online.

International partnerships and foreign investment are central to this effort. Investment helps drive project development, create skilled jobs and connect Australian producers to global markets. It also helps deliver the long‑term offtake arrangements, financing and commercial partnerships needed to support new projects and expand processing capability.

Australia does not need to participate in every stage of the value chain to succeed. Instead, we will build on our strengths in mining while expanding our processing capability and integrating with the value chains of our partners. This helps Australia capture greater value from its resources, strengthen supply chain resilience and cement our role in the industries of the future. 

Success outcomes

  • Increased demand and foreign investment for Australian critical minerals.
  • More diverse and resilient supply chains that reduce exposure to concentration, market distortion and strategic vulnerabilities.

Areas of actions for international engagement

A core focus of Australia’s strategy is working with our international partners and public financing institutions to coordinate and improve access to offtake, equity and finance. This includes streamlining supports and joint financing arrangements for eligible critical minerals projects. Since 2023, the Australian Government has agreed or joined more than a dozen trade agreements and international partnerships to enable more diversified access to global markets for exporters, producers and investors. 

Read more about our international partnerships.

International diplomacy and cooperation

International partnerships and foreign investment are central elements of Australia’s strategy given our critical minerals are deeply connected to global markets and supply chains. 

The government will continue to strengthen Australia’s position as a trusted and reliable partner. This includes concerted engagement with our international network to build more secure, resilient and diversified critical minerals supply chains. Australia exports critical minerals to 74 countries* and engages internationally to connect Australian projects with global markets, investors and end users.

* Based on 2024 international trade data and departmental analysis of Australian critical minerals exports. The estimate excludes very small trade flows, scrap trade, selected broad commodity classifications and non-sovereign territories to better reflect meaningful export destinations.

Types of international partnerships

Australia’s international engagement on critical minerals includes:

  • bilateral partnerships
  • multilateral coordination 
  • commercial facilitation and investment.

The government is strengthening Australia’s position in global critical minerals supply chains and driving project development at scale. We are: 

  • leveraging existing bilateral partnerships to mobilise investment and offtake into Australian projects
  • deepening technical collaboration with our international partners through R&D across the value chain
  • shaping market rules, norms and global approaches to critical minerals by participating in international forums and initiatives 
  • connecting Australian projects with investors and offtake opportunities in priority markets
  • supporting coordinated financing approaches, including joint financing and risk‑sharing to improve access to capital for Australian projects.

Through our partnerships, Australia advocates for more transparent, diverse, and reliable critical minerals markets. We also work to expand market access, create new sources of demand, advance investment opportunities, promote research collaboration, high‑standards production and supply chain coordination. The Australian Government continues to deepen partnerships with our partners and attract investment that supports sector growth, strengthens supply chain resilience and creates stronger links across the value chain.

The long‑term sustainability of Australia’s critical minerals sector depends on projects attracting investment and securing access to offtake, equity and financing arrangements across the value chain. This includes offshore intermediaries and end users. 

Expanding Australia’s presence along the value chain

To build on Australia’s strong and established position as a trusted supplier of high quality resources, we are working with international partners and industry to advance opportunities for Australia’s critical mineral sector across the different parts of the value chain. 

Through our international partnerships, we can better align Australian production and processing with partner demand, investment and industrial capability. This includes linking Australia's upstream minerals and midstream capabilities with the needs of partners. This allows Australia to concentrate on the stages of processing where we can have a comparative advantage.

Overview of current international critical minerals supply chains

Upstream: Australia has a strong presence. Midstream: Australia and our strategic partners are scaling presence. Downstream: Australia's partners have a strong presence.

This approach helps connect our existing upstream production and emerging midstream capabilities to established downstream markets, strengthening our role in diversified global supply chains. By leveraging our respective strengths across the value chain, Australia can focus on areas where we have the greatest opportunity to compete and add value.

Stages and common processes in the critical minerals value chain
Upstream Midstream Downstream
exploration separation  batteries and energy storage
mining refining magnets and advanced materials
beneficiation chemical conversion electronics and communications
n/a metallisation electric vehicles and transport
n/a n/a  defence and aerospace 

This figure is illustrative and does not represent the value chain for any single critical mineral. Activities shown are common examples only and may not apply to all commodities.

Agencies and their role in securing investment from our partners

Foreign investment has been and will continue to be central to Australia’s prosperity. It helps drive economic growth, create skilled jobs, facilitate access to international markets and enhance productivity. Foreign direct investment is essential to achieving the government’s vision for the sector, particularly where it contributes to the development of sovereign capability, strengthens supply chain resilience, and aligns with Australia’s national security and interests.

The Department of Industry, Science and Resources (DISR) and the Department of Foreign Affairs and Trade (DFAT) work to advance Australia's critical minerals interests through international partnerships and diplomatic engagement.

This includes supporting the conditions for long term collaboration across critical minerals value chains. Australia’s ability to work constructively with a broad range of partners helps align policy, investment and industrial priorities across critical minerals value chains, which supports beneficial outcomes for Australia and our partners. 

The Australian Trade and Investment Commission (Austrade) supports government objectives by facilitating commercial connections between Australian critical minerals companies and international buyers and investors. Through its global network, Austrade connects prospective offtakers, investors and downstream partners with Australian project proponents across mining, processing, refining and broader value chain development. Austrade’s business missions, market briefings and targeted commercial facilitation help translate investor interest into practical engagement with Australian companies. 

Commercial facilitation and investment 

Converting international interest into investment, offtake and commercial partnerships is critical to growing Australia's critical minerals sector. The Australian Government is connecting investors and end‑users to strengthen commercial links across the value chain. This connects projects with market opportunities, and support investment in mining, processing and refining activities. 

Foreign investment framework

Attracting investment is only one part of Australia's approach to growing the nation’s critical minerals sector. Maintaining a transparent and predictable foreign investment framework is also important to ensuring investment supports Australia's long term economic, national interest and national security objectives.

The Foreign Investment Review Board advises the Treasurer in accordance with the Foreign Acquisitions and Takeovers Act 1975. The Act requires foreign investors to notify the Treasurer of proposed foreign investments, including in relation to critical minerals, which meet certain criteria, and enables investors to voluntarily notify certain investments, or seek an exemption from notification requirements. The Treasurer has the power to prohibit these investments, or apply conditions to the way they are implemented, to ensure they will not be contrary to the national interest or national security, as the case requires.

Critical Minerals Prospectus

Austrade publishes and maintains the Australian Critical Minerals Prospectus. The prospectus builds on data available through Australia’s geoscience agencies and supports efforts to attract offtake and investment into Australia’s critical minerals sector by showcasing investment ready opportunities across the value chain.

The prospectus’ recent inclusion of the growing pipeline of midstream projects reflects Australia’s increasing capability in processing and refining and the opportunity to capture greater value across the supply chain. In addition, trade delegations showcasing Australian projects to potential international partners and investors provide opportunities to deepen cooperation on resilient critical minerals supply chains.

While the prospectus is a key entry point for investors, it is not exhaustive. Austrade can also facilitate tailored introductions to additional opportunities aligned with investor requirements, helping international partners navigate Australia’s expanding project pipeline, including its growing midstream processing capability.

Export-credit agencies and project finance

Developing critical minerals projects may require coordinated financing from governments through export credit agencies or other finance institutions. These organisations can play an important role in mobilising capital, reducing risk and supporting project viability, particularly where market volatility, financing constraints or other market distortions affect investment decisions.

Export credit agencies are increasingly working together to support the development of more diverse and resilient critical minerals supply chains. In Australia, EFA complements these efforts by providing finance and risk‑sharing mechanisms that help connect Australian projects with international demand, investment and offtake opportunities. Through instruments such as the Critical Minerals Facility and Critical Minerals Strategic Reserve, EFA works alongside domestic and international financing partners, including partner export‑credit agencies, to support strategically significant projects and strengthen supply chain resilience.