Critical Materials - Global Outlook and Canadian Perspective

Abstract

Ongoing geopolitical tensions and armed conflicts are causing most governing bodies in the free world to become concerned with the availability of materials essential for the national security and economic well-being of populations within their jurisdictions. Overlapping with these concerns are commitments to combat climate change. Consequently, current critical material lists for these jurisdictions highlight materials that are at risk of supply disruption (or future shortage) and are essential for one or more of the following domains: national defense, economic health, and the fight against climate change. Battery, Magnet, and Photovoltaic (BM&P) materials are essential for all three of these domains. Therefore, projects involving these materials benefit from unprecedented interest from mineral producing and manufacturing industries, investors, the public, and governments. Technically and economically sound BM&P projects represent exceptional development opportunities.