![]() ![]() It is therefore paramount for countries around the world to establish and maintain resilient critical minerals value chains that adhere to the highest ESG standards. Indium and tellurium are integral to solar panel manufacturing. Electric vehicles require batteries made with lithium, cobalt and nickel and magnets. Wind turbines need manganese, platinum and rare earth magnets. The sun provides raw energy, but electricity flows through copper. There is no energy transition without critical minerals: no batteries, no electric cars, no wind turbines and no solar panels. This federal government is committed to seizing this opportunity in a way that benefits every region across the country.Ĭritical minerals are the building blocks for the green and digital economy. Canada’s European allies have recently experienced the consequences of dependence upon non-like-minded countries for strategic commodities such as oil and gas, and there is a strong desire to avoid similar vulnerabilities in emerging markets such as critical minerals.Ĭritical minerals present a generational opportunity for Canada in many areas: exploration, extraction, processing, downstream product manufacturing and recycling. Just as any successful business must be capable of interpreting and reacting to changes in the business environment, countries must also be capable of thoughtful response and action to sustain and enhance their level of prosperity.Īs the world moves toward a lower-carbon economy, a key question on which we must collectively focus is how to build on Canada’s comparative advantages in a manner that will create jobs, economic opportunity and prosperity.Ĭoncurrently, geopolitical dynamics and skyrocketing demand have strained value chains, which are essential to the global energy transition. Smart money is flowing away from assets that are not compatible with a transition to a net-zero world and toward opportunities that are. Ministers’ forewords Foreword from the Minister of Natural Resourcesįinancial markets around the world are increasingly pricing climate risk into investment decisions. Annex F: Canadian critical mineral success stories in 2022.Annex E: Comparing canada’s critical mineral list.Annex D: Global cooperation on critical minerals.Annex C: Provincial and territorial strategies and policies.Annex B: Domestic value chains with high growth potential.Annex A: Canada’s critical minerals list.Strengthening Global Leadership and Security Growing a Diverse Workforce and Prosperous Communities Advancing Reconciliation with Indigenous peoples Accelerating Responsible Project Development ![]() Driving Research, Innovation and Exploration Sustainable Development and the Circular Economy. ![]()
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