CANADA-U.S. SUPPLY CHAINS PROGRESS REPORT - JUNE 2022 Canada and the United States are going to elevate and accelerate our joint efforts to secure critical minerals on a bilateral basis across production, processing, and recycling through a renewed Joint Action Plan on Critical Minerals. Objectives and outcomes under the Joint Action Plan will be reported to the Privy Council Office and the White House in support of leadership efforts under the Roadmap for a Renewed U.S.-Canada Partnership. This year, we will complete an ongoing analysis of North America’s level of reliance on critical mineral net imports and develop joint investment priorities for critical minerals in North America. This is especially timely and relevant given both countries’ recent large-scale investments and funding envelopes. Identifying projects for joint funding is important in order to de-risk critical-mineral projects in North America, which have higher ESG standards and are therefore more costly to develop. This will help us ensure the development of green critical minerals supply chains.
We will also advance supply chain resilience discussions within the National Technology and Industrial Base (NTIB) Working Group.
Meanwhile, Canada and the United States seek to continue to work together to highlight critical minerals investment opportunities in both countries to investors from around the world by organizing webinars and workshops with interested businesses, and engaging with investors to identify ways to increase investment flows that adhere to the highest ESG standards.
Canada and the United States also expect to organize additional webinars and workshops to advance collaboration between researchers in both countries in areas such as Life Cycle Assessments of critical minerals.