Canada has announced 25 critical minerals investments and partnerships with allies as it races to develop C$6.4bn (US$4.6bn) worth of projects to counter China’s dominance of the global trade.
The government on Friday announced the investments and offtake agreements, which would underpin the projects, following two days of talks in Toronto with other G7 countries.
Canada’s energy minister Tim Hodgson said Ottawa would use the country’s Defence Production Act to stockpile critical minerals. The move echoes the US’s use of national security legislation to strengthen its domestic supplies.
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