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Canada Boosts Critical Minerals Processing to Counter China

11/28/2025

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Summary

Story summary

Canada aims to expand critical minerals processing after a UAE pledge of $70 billion, with Prime Minister Mark Carney announcing a $1 billion project to advance this effort.
Canada currently has eight of 32 processing centers owned by Canadian firms, indicating limited refining capacity.
The country aims to counter China, which controls 91% of rare earth refining, as Canada holds significant reserves but operates only one rare earth mine.

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Story summary

Canada aims to expand critical minerals processing after a UAE pledge of $70 billion, with Prime Minister Mark Carney announcing a $1 billion project to advance this effort.
Canada currently has eight of 32 processing centers owned by Canadian firms, indicating limited refining capacity.
The country aims to counter China, which controls 91% of rare earth refining, as Canada holds significant reserves but operates only one rare earth mine.