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https://www.cnbc.com/2023/03/14/canada-is-aiming-to-beat-china-in-the-critical-race-for-rare-earth-metals-.htmlKEY POINTS
- Canada has one of the largest deposits of minerals that are essential to manufacture of electric cars.
- “We see today that, for example, China produces 98% of Europe’s supplies of rare earths,” European Commission President Ursula von der Leyen said earlier this month.
- The G-7 group of advanced economy announced in December a plan to ramp up the production of these minerals.
Canada is aiming to beat China in the critical race for rare earth metals
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