Ontario government developing critical minerals strategy
The Ontario government is developing a critical minerals strategy to help generate investment and increase the province’s competitiveness in the global market.
According to the government, the strategy will support Ontario’s transition to a low-carbon economy both at home and abroad.
“By developing this strategy, we will strengthen Ontario’s position as one of North America’s premier jurisdictions for responsibly-sourced critical minerals, including rare earth elements,” said Greg Rickford, Minister, Energy, Northern Development and Mines and Minister of Indigenous Affairs. “We are confident this will generate investment, reduce red tape, create jobs and advance Indigenous participation in the sector.”
New technologies and high-growth sectors that rely on critical minerals include information and communications technology, electronics, energy, aerospace and defence, health and life sciences and transportation.
“With an abundance of the critical minerals in Northern Ontario, along with a competitive business climate, innovation and talent, Ontario is well positioned to become a leader in the future of electric vehicle and battery manufacturing,” said Vic Fedeli, Minister, Economic Development, Job Creation and Trade. “In fact, recent proposed investments of almost $6 billion over the last several months in Ontario’s auto sector will make our province a global hub for EV manufacturing, making us stronger and more resilient as we continue to work towards economic recovery.”