Merz and Carney Vow Deeper Cooperation on Critical Minerals

German Chancellor Olaf Scholz and Canadian Prime Minister Justin Trudeau have agreed to deepen their collaboration on critical minerals. These minerals are essential for the production of various technologies, including those related to energy and defense. The two leaders emphasized the strategic importance of ensuring a stable and reliable supply of these critical resources. They recognized the need to address supply chain vulnerabilities and reduce dependence on dominant producers, such as China. The agreement aims to strengthen cooperation in areas like exploration, extraction, and processing of critical minerals. It also includes plans to invest in research and development, as well as the development of sustainable extraction and processing methods. The partnership is seen as a crucial step in securing the necessary materials for the transition to clean energy and the development of advanced technologies. By working together, Germany and Canada hope to enhance their resilience and competitiveness in the global critical minerals market.