Canada And The U.S. Announce Joint Action Plan On Critical Minerals

On January 9, Canada and the United States announced the finalization of the Canada-U.S. Joint Action Plan on Critical Minerals Collaboration. The plan aims to facilitate development of secure supply chains for critical minerals that are key to strategic industries such as defence, aerospace and communications.

What you need to know

• This bilateral initiative seeks to address concerns about reliance on other countries for the supply of minerals critical to the defence, aerospace, communications and other strategic industries.
• Canada is well-placed to supply the U.S. with many of these critical minerals due to: historically strong political and economic ties; a stable political, economic and regulatory environment; an extensive mineral endowment; and a robust metals and mining sector.