This article originally appeared in The Hill Times.
Being a mining superpower isn’t just about mining the most. It’s also about having the ability to supply the material needs of our allies in a reliable and secure manner.
As the world’s second-largest country, Canada, in theory, has the world’s second-largest mineral bounty. But we also have difficult geography and burdensome processes. In the past few decades, we’ve punched well below our weight, losing market share across a variety of critical minerals and products. Canada has unfulfilled mining potential.
The silver lining is that as our allies and trading partners look to secure their raw material needs—for the digital economy, the energy transition, defence supply chains, you name it—Canada still has vast untapped reserves that it can develop to satisfy those needs. With just 41 million people, we have more than we could ever use ourselves.