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Canada launches C$6.4bn minerals push as race to counter China heats up (www.ft.com)

submitted 3 months ago by Scotty@scribe.disroot.org to c/technology@lemmy.world

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cross-posted from: https://scribe.disroot.org/post/5394838

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...

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.

“This enables Canada to launch our own defence stockpiling regime, and to support multilateral stockpiling efforts,” Hodgson said.

...

The announcements come as Canada tries to position itself as a crucial supplier to western economies that have grown concerned about China’s stranglehold on rare earth and critical minerals supplies.

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