Think tank analysts weigh in on federal critical minerals strategy
With the release of its Critical Minerals Strategy, Ottawa has officially jumped on the bandwagon in acknowledging that Canada can provide the world with the natural resources needed to make the transition to cleaner technologies and create net-zero economies.
The panellists called the strategy a "good first step" in government documenting a vision and providing a clear signal with well-defined initiatives, all backed by $3.8 billion in funding. Critical minerals, also known as high-tech metals, is a grouping of metals that includes nickel, lithium, graphite, cobalt, and platinum group elements. They’re used in manufacturing batteries for electric vehicles, and in various defence, aerospace, digital, electronics, stainless steel, energy, health and life sciences applications.
In a best-case scenario, she said, it takes 10 years to permit and bring a mine into production in Canada. Exner-Pirot said she can’t envision Canada becoming a critical minerals superpower because the pace of new mine approvals isn’t moving fast enough to make the total switch to 100 per cent electric vehicle sales by 2040 and meet the needs of the digital economy.She pointed out one only has to look at the number of mine projects submitted to the federal Impact Assessment Agency that have yet to be approved since the passage of the Impact Assessment Act in 2019.
If done right, Kucharski said the environment shouldn’t have to take a back seat in expediting the regulatory processes. Both levels of government need to put their regional, jurisdictional, and political differences aside and work together on joint projects in a true "pan-Canadian way."
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