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The European Investment Bank is collaborating globally with Australia to strengthen the supply of critical raw materials.
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Release time：2025-11-21
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This statement builds upon the existing Memorandum of Understanding between the EU and Australia.
The European Investment Bank’s Global Fund and the Australian Government have signed a statement of intent aimed at strengthening cooperation in the critical raw materials sector. This initiative seeks to bolster sustainable and resilient supply chains for key raw materials between the EU and Australia. The statement builds on the existing Memorandum of Understanding (MoU) between the EU and Australia. As the development arm of the European Investment Bank (EIB), EIB Global is taking concrete steps to enhance this collaboration through targeted investments and advisory support. The declaration was signed by Angus Campbell, Australia’s Ambassador to the EU, and Nikola Bilic, Vice-President of the European Investment Bank.
Campbell stated: "Australia is a trusted key mineral supplier, and this partnership with the EU reinforces our shared commitment to sustainable development and secure supply chains." The collaboration aims to provide funding for Australia's critical minerals projects while deepening cooperation across the entire value chain. It will encompass every stage of the critical raw materials value chain—ranging from exploration and mining to processing, recycling, and innovation. By fostering sustainability in this sector, the partnership supports common goals centered on clean energy, innovation, defense, and economic security. Bill added: "Partnering with Australia will deliver the kind of win-win relationship we’ve been striving to build: a collaboration with like-minded partners—one that actively engages communities, prioritizes transparency, and ensures public trust in our critical raw materials initiatives." "Australia’s strong track record in environmental responsibility and sustainable mining aligns perfectly with the European Investment Bank’s commitment to innovation and green investments. In doing so, we strengthen both Australia’s and Europe’s strategic autonomy."
In March of this year, the European Investment Bank and Orano signed a €400 million ($433.5 million) loan agreement to finance the expansion of France’s Georges Besse II uranium enrichment plant in Tricastin.
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