Canadian-American co-operation on essential elements means opportunity for this country’s wider economy, Pierre Gratton emphasizes. Speaking to the Vancouver Board of Trade, the president/CEO of the Mining Association of Canada commented on the recent Canada-U.S. Joint Action Plan on Critical Minerals Collaboration, as well as the Canadian Minerals and Metals Plan.
Two weeks ago Natural Resources Canada announced the cross-border agreement to secure deposits and develop supply chains for minerals essential to the economy, defence, technology and clean energy.
The initiative takes place as the U.S. seeks ways to reduce its dependency on sources considered unreliable, unethical or potential economic and military rivals.
“Critical minerals are more than rare earth elements, and include several minerals and metals already mined in Canada including cobalt, copper, precious metals, nickel and uranium, which are critical to low-carbon electrification and new battery technologies in the automotive, space, defence and high-tech sectors,” said Gratton.
“It’s time to be ambitious. We have an opportunity to lay the foundation for a new era in investment and middle class job creation, not just in mining but in new, emerging downstream industrial and manufacturing sectors.”