This article highlights Canada's new focus on critical minerals as it anticipates a low- and zero-emissions future.
. For minerals such as lithium and graphite, demand could increase by as much as 4,000%. Like many countries around the world, Canada has been reflecting on the need to have stable and secure resources and the clean technologies they enable.
Canada has come to see the collective contexts of exploration, extraction, processing, product manufacturing, and recycling of critical minerals as an opportune moment in time for Canada. So this month Canada’s Minister of Natural Resources released, backed up by $3.8 billion in federal funding allocated in Budget 2022.
Did you know that Canada currently produces 60 minerals and metals at 200 mines and 6,500 sand, gravel, and stone quarries across the country? That Canada is home to almost half of the world’s publicly listed mining and mineral exploration companies, with a presence in more than 100 countries and a combined market capitalization of $520 billion?
An additional source restriction is that many of the critical elements are by-products and have both varying main-product metal companionality.
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