Canada will need to speed up regulatory decisions on critical mineral projects if it wants to become a global leader in battery manufacturing, electric vehicles, wind turbines and solar panels, says a new national strategy released today.
"[The government of Canada] recognizes that to meet our ambitious climate and economic objectives to transition to a net-zero economy, additional mechanisms must be in place to expedite and facilitate strategic critical mineral projects from investment and funding opportunities, through regulatory approvals and development, to production.
Minerals like lithium, graphite, nickel, cobalt and copper are critical ingredients for electric vehicle, computer chip and weapons manufacturing. With demand for low- and no-emissions technology expected to skyrocket as the world moves to a post-carbon economy, Friday's strategy foreshadows shortages of these critical materials — or what it calls "non-like-minded countries" weaponizing access to precious minerals.
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