The Biden administration has announced a domestic plan for processing and refining minerals that are critical to modern technologies. It comes as part of an effort to reduce the United States’ dependence on China, according to a White House release on Feb. 22. The plan includes a $35 million award from the Department of Defense…
Biden Admin Announces Plan for Domestic Refining of Critical Tech Minerals
Biden Admin Announces Plan for Domestic Refining of Critical Tech Minerals To Reduce Dependence on China
The Biden administration has announced a domestic plan for processing and refining minerals that are critical to modern technologies. It comes as part of an effort to reduce the United States’ dependence on China, according to a White House release on Feb. 22. The plan includes a $35 million award from the Department of Defense…
Ottawa Skips Security Review of China’s Purchase of Canadian Lithium Company
Ottawa did not review the potential national security impacts of a Chinese state-owned company’s plan to purchase Canadian lithium company Neo Lithium Corp. On Oct. 10, 2021, Zijin Mining Group Ltd. announced its plan to acquire all of Neo Lithium’s outstanding common shares for $960 million. Neo Lithium’s shareholders approved the arrangement with Zijin Mining…
Ottawa’s Goal of a World-Leading Battery Supply Chain Faces Daunting Realities Including China
January 5, 2022
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battery supply chainBusiness & EconomyCanadaCompaniescritical mineralsEVsminingrare earth elementsWorld
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Ottawa sees a massive economic opportunity in creating a battery value chain for green energy and electric vehicles (EVs). Canada has a lot of what’s needed to gain a competitive advantage in this supply chain—the natural resources as well as research and industry expertise. Still, it has a long way to go to overcome challenges…
China the ‘Greatest Threat’ to Democracy: New US Ambassador
December 10, 2021
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authoritarianCanadaChinaChina Human Rightscritical mineralscyber attacksdemocracyHuaweiIndo-Pacific strategyThreat from Communist ChinaUS-China relationsWorld
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It’s crucial that Ottawa and Washington present a united front to challenge Beijing’s global push to expand its military, economic, and authoritarian influence, says David Cohen, the newly appointed U.S. ambassador to Canada. “I think for both Canada and the United States, and you could argue for every democracy in the world, China is our…
Energy Security Risks Won’t Disappear With Change to Renewables: Expert
Risks related to energy security won’t become a thing of the past in the context of transitioning to renewables, they will merely be transferred to the sources and providers of the green energy technologies, says a senior fellow at the Macdonald-Laurier Institute (MLI). “What many people forget is that the risks to energy security do…
Canada Should Take the Lead in Global Critical Minerals Development: Panel
Canada should take the lead in processing rare earth minerals as its allies seek to spread their supply chains out in order to avoid over-reliance on exports from authoritarian countries like China, said a panel of experts. While China holds the lion’s share in providing for the global market of critical minerals and rare earths,…
Rare Earth Metal Prices Poised for More Gains: Analysts
September 15, 2021
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Business & Economycritical mineralsEconomieseconomyElectric VehiclesInternationalInvestmentMarket WatchMarketsrare earthsUSUS NewsWorld
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Rare earth metal prices have risen sharply over the past year while growing adoption of new technologies like electric vehicles is likely to send costs even higher, according to analysts. In the 12 months through September, the price of lithium carbonate—used in batteries, mobile devices, and spacecraft—surged 150 percent; the price of holmium oxide—used in…
Canadian Chamber of Commerce Urges Federal Parties to Talk Critical Minerals Strategy
WASHINGTON—The Canadian Chamber of Commerce wants federal leaders to get serious about making critical minerals a fundamental part of North America’s economic recovery. The chamber says Canada is missing a “major opportunity” to be a world power in producing the minerals and rare-earth elements that power everything from cellphones to electric cars. It says critical…
China Targets America’s Rare Earth Vulnerability
WASHINGTON—China is reportedly looking into curbing the export of rare earth minerals to the United States, which may become a new source of friction between the two countries. China’s Ministry of Industry and Information Technology in January proposed draft controls on the production and export of rare earth minerals and provided 30 days for public…
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