An ongoing trade war and U.S. President Donald Trump’s hunger for critical minerals have brought Canada’s rich mineral deposits into the spotlight, with federal and provincial politicians promising to accelerate natural resource projects.
Interest in the country’s critical minerals surged after Trump started musing about annexing Canada, experts say, and grew as the president’s global trade war intensified.
Surprise China! Here’s some good background on why Canada’s rare earth minerals remain in the ground.
‘You don’t control your destiny’: Why Canada’s rare earth deposits are staying in the ground
Somewhere on the outskirts of Montreal, Kiril Mugerman, chief executive of Geomega Resources Inc., aims to build a recycling plant that can produce rare earth oxides — the obscure set of elements that recently emerged as a flash point in the U.S.-China trade war.
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Turning to recycling marks an about-face from the original game plan for his company, which spent millions of dollars trying to prove it could mine rare earths from a patch of land in northern Quebec.
Project Fear almost worked for Mark Carney in Britain and now he is trying the same tactic here.
