Energy Minister Simon Watts, who has been at the ministerial meeting in Paris this week, joined 32 member countries in endorsing a Declaration supporting the work of the International Energy Agency (IEA) on critical minerals security. The Declaration recognises that critical minerals are essential to the clean energy transition and that access to them is increasingly important for global supply chains.

“New Zealand is already an active member of the IEA’s Critical Minerals Security Programme, which focuses on security of supply, market transparency, sustainable and responsible sourcing, reliable data, and innovation,” Mr Watts says.

“Today’s Declaration recognises the strategic importance of these minerals for energy security and calls for timely, focused action—from short‑term preparedness to accelerating strategic projects that diversify refining and processing.”

New Zealand is well‑positioned to become a credible and reliable contributor to international supply chains as global demand rises and the need for a secure supply of critical minerals grows. Occurrences of minerals such as antimony, lithium, rare earth elements and vanadium—all increasingly vital to global clean‑technology systems—highlight clear opportunities for responsible development and investment.

Resources Minister Shane Jones says these resources need to be recognised as strategic assets for New Zealand’s economic resilience and international partnerships.

“In addition to our mineral endowment, we have innovative technology companies developing ways to extract critical minerals from by‑products of existing operations, low‑impact recovery, and supporting the circular economy,” Mr Jones says.

“Investing in the responsible development of these minerals means more high‑skilled jobs, greater self‑reliance, stronger national resilience, and opportunities to build new capability, technology, and infrastructure here at home.

“Internationally, there is clear demand for stable, transparent, and responsible suppliers—a role New Zealand is well placed to play given our strong environmental, social and governance standards and trusted relationships with global partners. We stand with our IEA partners in supporting secure, resilient critical‑mineral supply chains—and in using our endowment to be part of the solution.”

The Declaration directs the IEA Secretariat to expand and strengthen its work in several key areas, including:

• Enhancing secure data collection and market monitoring across a broad suite of strategic minerals.
• Providing rapid assessments of major market developments and potential supply disruptions.
• Supporting members to coordinate responses to export restrictions and other shocks, including through secure information‑sharing.
• Assisting countries that choose to establish or expand critical mineral stockpiles.
• Organising regular emergency preparedness exercises.
• Expanding the Critical Minerals Information Dashboard to help members identify diversification opportunities.
• Accelerating innovation in recycling, recovery and substitution technologies.
• Deepening collaboration with governments, industry, financial institutions and international partners to improve transparency and mobilise investment.