US EditionCanada Launches $1.4 Billion Sovereign Fund for Critical Minerals
Canada's $2 billion fund aims to secure supply chains by stockpiling graphite and scandium from domestic mines, challenging China's market dominance, officials said.
5 Articles
5 Articles
Scandium, Graphite Among Critical Minerals Ottawa Plans to Stockpile to Counter Beijing’s Market Dominance
Domestic scandium and graphite are among the critical minerals Ottawa plans to stockpile as it moves to secure Canada’s supply chain and support G7 allies amid growing concerns over Beijing’s dominance of the market. Energy Minister Tim Hodgson announced last week, along with G7 partners, new initiatives to secure critical mineral supply chains and reduce dependencies in a market widely dominated by Beijing. Ottawa said these include stockpiling…
Canada Launches $1.4 Billion Sovereign Fund for Critical Minerals
Canada’s Liberal government on Tuesday proposed a C$2 billion ($1.4 billion) sovereign fund for critical minerals, alongside hundreds of millions in new mining industry spending and an expansion of exploration tax credits, according to the federal budget released on April 1. The initiative aims to bolster domestic supply chains, attract global investment, and strengthen national security by securing a reliable supply of critcal minerals essentia…
Canada Announces Us$2 Billion Sovereign Critical Minerals Fund to Strengthen Strategic Supply Chains
The Canadian government will set aside $2 billion to boost key mining projects and secure the supply of critical minerals, in a context of growing global competition. Canada announced the creation of a $2 billion Canadian Sovereign Critical Mineral Fund to accelerate investment in strategic mining projects and strengthen national security supply chains. The initiative was presented in the 2025 federal budget by Finance Minister François-Philippe…
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