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$30B in new investments needed to meet Canada’s critical mineral demand: report

  • A report from the Canadian Climate Institute, published on June 12, 2025, projects that Canada will require a minimum of $30 billion in capital funding by 2040 to satisfy the domestic demand for six essential critical minerals.
  • This demand reflects growing needs for minerals like lithium, copper, cobalt, nickel, graphite, and rare earths driven by technologies such as EV batteries and wind turbines amid global market shifts.
  • The report highlights recent federal funding initiatives, provincial legislative acts aiming to speed project approvals, and advocacy for Indigenous participation and streamlined regulations to attract investment.
  • Marisa Beck, the report’s lead author, emphasized that projects advancing quickly are those that involve Indigenous communities and consistently maintain the highest environmental standards.
  • Failing to increase investment and maintain environmental and Indigenous consultation risks project delays, supply chain instability, and loss of Canada's share in the growing critical minerals market.
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National Observer broke the news in Canada on Wednesday, June 11, 2025.
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