Expand Canada’s Critical Minerals Strategy to remain competitive in a global market that faces rising demand for critical and strategic minerals alongside increased supply chain vulnerabilities
- Revolutionize Canadian supply chains and reduce reliance on foreign inputs by leveraging domestic ingenuity in mineral exploration, extraction, processing and manufacturing
- Prioritize regulatory integration with provinces and territories to ensure a singular process applies to natural resource projects and to fast-track development of new mineral extraction, hydroelectric, nuclear and natural gas energy sources to support industrial capacity growth
- Leverage trade relationships with allied nations to secure offtake and similar raw and refined materials agreements to establish a floor pricing for responsibly sourced Canadian minerals
With global efforts to introduce technological advancements in energy, transportation, communications and every other facet of life, Canada’s mineral exploration and mining industry is under pressure to meet the rising demand for minerals like copper, nickel and zinc that are often considered critical or strategic.
Canada's ability to supply these minerals is diminishing despite their growing importance to modern life: energy generation and transmission, transportation, housing, artificial intelligence and digital technologies are all dependent on critical minerals.
We must seize the chance to capitalize on the capabilities of our mineral explorers and miners; on the potential Canada holds for new mineral discoveries to be integrated into future industries; on our capacity to become both more sustainable and self-reliant in sourcing mineral inputs; and on the opportunity to strengthen trading opportunities with important partner nations.
Our capabilities to bring new mineral products to Canada and the world will be limited by our capacity to energize and connect new mines to domestic and global supply chains. Fluctuations in commodity prices that stem from irresponsible mining practices abroad can also undercut our ability to develop responsible mineral sources. Thus, we must maximize our relationships with allied nations to enshrine responsible practices in the value of commodities around the world.