To combat the rapid regression of climate change, Prime Minister Trudeau continues to emphasize the importance of climate action and the potential key role of Canada in the production of critical minerals, specifically those new deposits for new electric batteries and modern technologies, in the new session of Parliament last January 31, 2022.
With the forecast of the World Bank of having up to 500% increase in the production of multiple mineral and metals required for the clean technology to hinder the rise in global temperatures to two degrees Celsius above the pre-industrial levels, Canada is pushed to seize the opportunity to utilize its production of the lowest carbon-intensity minerals and metals and establish policies that would strengthen its commitment to this mandate. Initial steps require: 1) enhancing public geoscience investment that is focused on supporting mineral exploration, and 2) supporting the downstream fabrication of inputs into battery manufacturing to attract investors to further solidify Canada’s role in the emerging green industry.
The country has the upper hand in increasing the domestic production of key critical minerals and metals, therefore, reducing its reliance on imports and more importantly, becoming one of the pillars that will support the international supply-chain security. With this in vision, StrategX Elements Corporation supports the national government’s mandate to become a global leader in the mineral space and become the supplier that the world needs.
Reference:
Gratton, Pierre, View author, Brendan Marshall, and View author. 2022. “Canada Must Invest In Critical Minerals”. Policy Options. – (https://bit.ly/3oDHAaj)
