Australian Prime Minister Anthony Albanese and his Indian counterpart Narendra Modi arrive to attend a photo opportunity ahead of their meeting at Hyderabad House in New Delhi, India, March 10, 2023.

India and Australia aim to expand trade in critical mineral to help them achieve their goals on reducing carbon emissions, as they seek a broad trade pact, Indian Commerce Minister Piyush Goyal said Saturday.

“India is short of critical minerals. Australia has a large reserve of critical minerals that go into (electric vehicle)batteries, which isn’t fully processed or manufactured presently,” Goyal told a news conference after meeting Australia’s trade and tourism minister, Don Farrell.

Critical minerals, along with space technology and opportunities in the digital sector, will be key areas of the planned deal, Farrell said.

he meeting followed a summit in New Delhi on Friday between the Asia nations’ prime ministers, Narendra Modi and Anthony Albanese.

India and Australia hope to complete by year’s end an ambitious, comprehensive trade deal that has been stuck in negotiations for over a decade.

Source : reuters