In boost to mining industry, Canada commits to stockpile critical minerals as a national security priority

Canada is officially designating certain critical minerals as a national security priority under the Defence Production Act, a move that would allow the federal government to support the mining industry by guaranteeing it a buyer and a minimum price.

The move was announced at a G7 energy and environment meeting in Toronto on Friday, where countries discussed countering China’s overwhelming dominance of critical mineral production. Those minerals are essential for modern technologies like electric vehicles and clean energy, and Western nations have been growing increasingly anxious over China’s control of their supply chain.

“We need to create the certainty of demand and the certainty pricing so that those mines and processing facilities can get built,“ said Canada’s Energy Minister T