Canada is unlikely to benefit much from the explosion in global demand for critical minerals because of a dearth of reserves, according to two Calgary academics, who also argue in favour of cutting red tape to make domestic miners more competitive.
“Canada’s participation in the energy transition mining market may hinge on the shape of its regulatory and taxation framework.” The stark reality of Canada’s weak standing in critical minerals goes against the rhetoric often espoused by federal and provincial politicians, who have claimed that Canada is a critical minerals powerhouse.
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