The Financial Post reports in its Tuesday edition that Canada has agreed with Australia to work together in developing the minerals needed for the energy transition away from fossil fuels, as both look to reduce their dependence for raw materials on China. The Post's Naimul Karim writes that the two nations will work together to extract these minerals responsibly, improve transparency, build partnerships, and conduct joint research and development programs. The joint statement said that Canada and Australia share a "like-minded" approach to the development of these minerals and will work together to develop these minerals in a "clean" and "fair" manner. Canada is looking to build a battery industry in the move from fossil fuels. Batteries require lithium, nickel and graphite, so the government has looked to boost its mining sector. It also introduced a policy in 2022 that made it more difficult for foreign companies, especially "non-like-minded" nations, to purchase stakes in Canadian miners involved in producing these critical minerals. Despite this policy, some Canadian juniors have signed deals with Chinese companies in the last year. SRG Mining, Solaris Resources and Osino have all done deals with Chinese entities.