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Australia-EU trade deal seeks to forge critical minerals alliance in hedge against China

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epa12845219 Australian Prime Minister Anthony Albanese and President of the European Commission Ursula von der Leyen walk together after addressing members and senators during a joint sitting in the House of Representatives at Parliament House in Canberra, Australia, 24 March 2026.  EPA/LUKAS COCH AUSTRALIA AND NEW ZEALAND OUT

Australian Prime Minister Anthony Albanese and European Commission president Ursula von der Leyen after a joint sitting in the House of Representatives at Parliament House in Canberra on March 24.

PHOTO: EPA

Prashant Mehra

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The free trade agreement (FTA) between Australia and the European Union this week comes as a long-awaited breakthrough after more than eight years of negotiations.

But beyond the tariff cuts and improved market access, its real significance lies in something more strategic: securing supply chains for critical minerals.

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