Ottawa, 17 January 2023 (TDI): Canada is strengthening global electric supply chains with Canadian resources and is inviting its businesses & workers for historic investments in the electric vehicle supply chain from mining to manufacturing & charging.
Canadian Prime Minister, Justin Trudeau said that by strengthening the electric vehicle supply globally we can create new jobs, enhance the economy and fight climate change by keeping our air clean now and in the future.
In this vein, Prime Minister Justin Trudeau met with workers at the Saskatoon facility of Vital Metals, Canada’s first rare earth producer. Rare earth elements are critical minerals used in clean technology like electric vehicles and wind turbines.
The Government of Canada has recently announced $5 million in funding to help establish processing and production at this facility.
It is part of a series of federal government investments in the support of creating jobs and growth of Canada’s critical minerals sector.
Prime Minister made also remarks that “critical minerals are the building blocks of the clean economy and are in increasing demand globally”.
Canada’s Strategy on Critical Minerals
Canada’s first Critical Minerals Strategy was released in late 2022. This is a roadmap to make a country a global supplier of choice for critical minerals.
Canada’s Critical Minerals Strategy is backed by up to $3.8 billion in federal support, announced in Budget 2022.
The proposed funding covers the whole critical minerals supply chain, from geoscience and exploration to mineral processing, manufacturing, and recycling applications, including research, development, and technology deployment support.
In the development of the Critical Minerals sector, Canadian workers and businesses are already leading in clean energy and technology, and the components that go into it.
Read also: Canada, Mexico announce Joint Action Plan
As the demand for electric vehicles continues to grow, positioning Canada as a reliable supplier will create even more jobs, increase the economy and cut pollution to help fight and combat climate change.
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