Canada needs between $30 and $65 billion in new investments to kick-start enough critical mineral mining projects to reach its production potential by 2040, a new report has found.
The study, released by the Canadian Climate Institute late Wednesday, calculated that would mean opening more than 30 new mines over the next 25 years.
The report focuses on the extraction of six critical minerals found in abundant quantities in Canada that represent “a multi-billion dollar economic opportunity for Canada”: cobalt, copper, lithium, nickel, graphite, and a group of rare earth elements.
“What we see here is that Canada’s current reserves of only five of the six priority critical minerals
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