Ottawa to invest up to $400 million in Teck critical minerals smelter in B.C.
By
Lauren Krugel, The Canadian Press
Summary
The federal government will invest up to $400 million in Teck Resources Ltd.'s critical minerals smelter in Trail, B.C., to strengthen domestic processing of metals like zinc and germanium used in defence and green energy sectors. The investment, announced by Natural Resources Minister Jonathan Wilkinson, aims to reduce reliance on foreign supply chains — particularly China — amid escalating trade tensions with the U.S. and global geopolitical instability. The funding will support Teck's modernization and expansion of zinc and germanium processing, with germanium being a critical mineral for defence applications like infrared optics. The announcement comes as Canada seeks to position itself as a reliable alternative to Chinese supply chains.
Source
bskyOttawa to invest up to $400 million in Teck critical minerals smelter in B.C.winnipegfreepress.comKey quotes
· 3 pulledWe are facing a trade war we did not ask for. We're facing the most volatile geopolitics since the end of World War II, which has led to the biggest energy crisis in modern history. We face technological change at a pace not seen in decades, mainly due to the advent of AI. And we face an accelerating clean energy transition.
We need to be able to process our own minerals here in Canada. We need to be able to build the supply chains that are necessary to ensure that we are not dependent on countries that are not necessarily aligned with our values.
This is about ensuring that Canada is not just a source of raw materials but a place where those materials are processed into the products that will power the future.
You might also wanna read
Ottawa to invest up to $400 million in Teck critical minerals smelter in B.C.
Major Western Nations to Discuss Critical Minerals Alliance to Reduce Dependence on China
Ministers from the US, EU, UK, Japan, Australia, and New Zealand are meeting in Washington to discuss forming a strategic alliance on critic
theguardian.com·5mo ago
U.S. Discards Enough Critical Minerals in Mining Waste to Meet National Needs, Study Finds
A new analysis published in Science reveals that the U.S. already mines sufficient critical minerals like cobalt, lithium, gallium, and rare
minesnewsroom.com·9mo ago
US Faces Strategic Vulnerability in Tungsten Supply Chain Amid Growing Demand
The article discusses America's critical dependence on Chinese tungsten production and the growing strategic vulnerability this creates. Tun
noleary.com·4mo ago
Comments
Sign in to join the conversation.
No comments yet. Be the first.