Canada has a strategy for a critical minerals. But there are some critical issues
. Canada is barely out of the starting blocks. There’s ambition, but it doesn’t always jibe with actions.was struck between Canada and the United States in early 2020. The U.S. had a list of 35 minerals it deemed “critical to economic and national security.” Canada is an important supplier of 13, notably potash and aluminum. It also provides a quarter of U.S. uranium.
With all the talk of global ambitions and strategic challenges from China, there was widespread surprise when Ottawa did not review a $960-million takeover of Neo Lithium, a Canadian startup, by China’s state-owned Zijin Mining. Ottawathe deal on national security grounds. However, Neo Lithium’s connection to Canada is somewhat nominal – it trades on the TSX Venture Exchange, but the company’s management is based in Argentina, where its as-yet undeveloped lithium assets are located.
Watching China buy a Canadian domiciled company with a possibly major overseas lithium deposit is one thing. The bigger and more challenging issue is the building of a domestic lithium industry. There are contenders dreaming on the future, but today, no lithium miner is about to open.. One is the gap between words and actions.
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