US EditionFeds pitch $2B fund for critical minerals investments, including equity stakes
Canada’s $2 billion fund aims to boost mining and critical mineral projects, challenging China’s 70% market share in 19 of 20 key minerals, officials said.
- Last week, Canada's federal budget proposed a $2 billion critical minerals sovereign fund over five years for investments, loan guarantees, and offtake agreements.
- Facing China's dominance, last week in Toronto, Canada's government signed into the G7 critical minerals production alliance, aiming to respond to China's major refining role.
- It also expands exploration incentives by adding tin, tungsten and chromium to the exploration tax credit and allocates $371.8 million for upstream and midstream projects.
- Rachel Samson said the scale of the opportunity for Canada on critical minerals is massive and called the budget's equity investments and offtake agreements significant, while critics warn China’s market power suppresses Canadian project investment.
- Many of the minerals play roles in Canada's EV and battery supply chains, supporting clean technology and energy sectors while also aiding semiconductor manufacturing.
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14 Articles
Feds pitch $2B fund for critical minerals investments, including equity stakes
OTTAWA — The federal budget says Canada will take out equity stakes in critical mineral projects to open up mining and position Canada as a major global supplier. The federal budget, released Tuesday in Ottawa, outlines a plan for a $2 billion “critical minerals sovereign fund” over five years for equity investments, loan guarantees and […]
Critical minerals will be added to the list of tax credits for exploration. The post Federal Budget: a $2 billion fund for critical minerals appeared first on Les Affaires.
Resource disputes reach decade-high amid mineral scramble
DISAGREEMENTS between governments and investors over natural resources have surged to a 10-year peak, with 32 disputes already lodged this year, said Reuters citing data from law firm DLA Piper. The sharp increase reflects intensifying resource nationalism and heightened US-China competition for critical minerals essential to artificial intelligence, electric vehicles and renewable energy technologies, as well as traditional oil and gas revenues…
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