As the week comes to a close, it was primarily mining heavyweight Canada making headlines, positioning itself as a future supplier of critical raw materials. Meanwhile, in Brussels, the focus on key technologies is increasingly on a “Made in Europe” approach – details in our roundup.
Canada and Australia: New Alliance Against China’s Resource Dominance
Australia and Canada plan closer cooperation to make supply chains less dependent on China. To strengthen supply security, Australia’s developing national resource stockpile will be coordinated with Canada’s state investment fund for critical minerals. Down Under also announced it will join the G7 alliance for critical minerals production.
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EU: Magnet Circular Economy with Canadian Expertise
Production waste from magnet manufacturing in Europe could in future be recycled in Canada and then returned to the European industry. A non-binding letter of intent was signed this Monday by the Canadian companies Cyclic Materials and Neo Performance Materials.
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EU: Industrial Accelerator Act to Strengthen Competitiveness
On Wednesday, the EU Commission presented the Industrial Accelerator Act, a package aimed at boosting the EU’s industrial competitiveness while promoting climate-friendly technologies.
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Planning Security with a Catch: Lynas Receives 10-Year License in Malaysia
Australian rare earth company Lynas was granted a 10-year license to operate a refinery in Malaysia. The facility is planned for capacity expansion, particularly for processing heavy rare earths. However, radioactive waste must no longer be produced from 2031.
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Canada Mobilizes Nearly $9 Billion for Critical Raw Materials
Canada aims to strengthen its position as a producer of critical raw materials and, together with international partners, has mobilized nearly $9 billion USD for value chains. Investments will include projects for lithium, rare earths, and synthetic graphite, according to the Canadian Ministry of Natural Resources.
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