Canada's trade minister says Canada, Japan are working on mining projects including potential joint stockpiling

Canada and Japan are advancing collaborative efforts in the mining sector, including the development of joint stockpiling initiatives for critical minerals, according to Canada’s trade minister. These projects aim to enhance supply chain resilience and reduce reliance on China, which currently dominates the rare earth market. The partnership aligns with broader international efforts to diversify mineral sourcing and secure stable supplies for industries such as electric vehicles, high-tech manufacturing, and defense.

The initiative includes potential import quotas and government subsidies to support non-Chinese mining projects, making them more competitive in the global market. Japanese officials are also encouraging domestic manufacturers to prioritize mineral project partnerships with allies such as Australia and France. This strategic shift reflects growing concerns over trade policies from the Trump administration and the need for alternative supply chains.

In parallel, the United States has formed agreements with the European Union, Japan, and Mexico to co-develop critical mineral methods. These agreements emphasize collaboration on regulatory standards, joint research, and coordinated stockpiling efforts. The U.S. has also established a $12 billion critical mineral reserve to mitigate supply risks.