Federal Government To Assess Supply, Demand For Minerals In Canada’s Economy



The Trudeau government is digging for intelligence on the role Canada’s mining sector could play in providing the United States and other key trading partners with crucial minerals and metals — from cobalt to tellurium — considered building blocks of the new economy.

Natural Resources Canada plans to hire a British firm to provide pricing forecasts and analysis of global supply and demand between 2020 and 2030 for about two dozen vital minerals used in products like solar cells, permanent magnets and rechargeable batteries.

The move comes as Canada works on a joint plan with the United States to ensure reliable access to these minerals and foster future competitiveness of the U.S. and Canadian mining industries.