The federal government said it will prioritize six key minerals and metals and focus on harmonizing its permitting process with the U.S. and provincial governments to support the burgeoning critical-mineral mining industry, which has drawn interest from trade partners. (The Logic)
Talking point: The strategy signalled to the mining industry that the government is willing to allocate funding for projects like technologies that reuse mine waste or used batteries, or green-energy infrastructure in remote areas. It also sent a message to countries like the U.K, South Korea and U.S. that are either in bilateral talks with Canada about critical minerals, or are taking cues from Canadian policy. While the policy did not expand the up to $3.8-billion critical-mineral funding package in the 2022 budget, “it is arguably the most significant industrial strategy the country has seen in decades,” Pierre Gratton, the Mining Association of Canada’s president and CEO, said in a statement.