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Cohen emphasized how both countries should work together to form a critical minerals supply chain centered in North America
The priority sectors include clean technologies, advanced manufacturing, information and communications technologies and semiconductors
The government will prioritize supporting copper, lithium, graphite, cobalt, nickel and rare earth elements
$1.5B will be going toward mineral projects in remote locations throughout the country
Renewable energy technologies also depend on tungsten for wind turbine components and advanced solar cell manufacturing
Several countries are taking active steps to expedite critical mineral production, similar to the U.S. FAST 41 program
The funding will aid in research and pilot testing of new solutions to improve lithium recovery rates from low-grade ores
The province plans to use uranium for nuclear energy and to produce medical isotopes for treating health conditions
Antimony metal prices surged to USD$59,800 per tonne this month due to global supply disruptions
Some companies view global critical mineral supply chain disruptions as opportunities