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Critical minerals demand will boost Canadian mining

Friday, June 11, 2021


Although low commodity prices deterred investment in recent years, this is changing as the market rallies. The creation of a regional electric vehicle (EV) supply chain straddling the Canada-US border has the potential to transform the Canadian mining sector while loosening China’s grip on the minerals used in high-performance batteries.


  • Canada is the world’s eighth-largest cobalt producer and has significant copper, graphite and rare earth deposits.
  • Fortune Minerals, which is developing a cobalt mine in Northwest Territories, has held funding talks with the US Export/Import Bank.
  • First Cobalt is building North America’s only cobalt refinery to give battery makers an alternative source to the DRC.
  • Several of the country’s mines are using cutting-edge technologies to reduce their carbon emissions.

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