Joint collaboration on critical minerals finalized
Canada and the U.S. announced they have finalized the Canada-U.S. Joint Action Plan on Critical Minerals Collaboration, advancing a mutual interest in securing supply chains for the critical minerals needed for important manufacturing sectors, including communication technology, aerospace and defence, and clean technology.
“With $2.6-billion worth of goods and services moving between Canada and the U.S. every day, both of our economies are better off when we work together,” says Seamus O’Regan, Minister of Natural Resources. “By finalizing the Canada–U.S. Joint Action Plan on Critical Minerals Collaboration, we are advancing secure access to the critical minerals that are key to our economic growth and security — including uranium and rare earth elements — while bolstering our competitiveness in global markets and creating jobs for Canadians.”
This announcement delivers on the June 2019 commitment by the Prime Minister Trudeau and the President Trump.
The Action Plan will guide co-operation in areas such as industry engagement; efforts to secure critical minerals supply chains for strategic industries and defence; improving information sharing on mineral resources and potential; and co-operation in multilateral fora and with other countries.
This Action Plan will promote joint initiatives, including research and development cooperation, supply chain modelling and increased support for industry.
Experts from both countries will convene in the coming weeks to advance joint initiatives to address shared mineral security concerns.