Raw Materials and Energy: Canada and India Seek Closer Cooperation
Ottawa aims to help meet India’s growing demand for critical resources
Ottawa aims to help meet India’s growing demand for critical resources
Canadian specialty semiconductor manufacturer receives $18 million to expand refining capacity in the United States
The Southeast Asian country is a major producer of tungsten and holds large, still largely untapped reserves of other critical minerals such as rare earths.
Mining giant Rio Tinto is not only extracting raw materials but also using them on-site to generate solar energy.
The economic bloc will gain access to India’s rapidly growing market, while the subcontinent is expected to benefit from increased investment and new export opportunities. The raw materials sector, in particular, could see long-term gains.
Mine-to-magnet supply chain in focus.