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German-Norwegian team is finalist in Canadian submarine deal, Carney says
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German-Norwegian team is finalist in Canadian submarine deal, Carney says
Aug 26, 2025 2:06 AM

BERLIN, Aug 26 (Reuters) - Canadian Prime Minister Mark

Carney announced on Tuesday that Canada has shortlisted two

contenders for its new submarine programme, with a

German-Norwegian partnership among the finalists.

"I look forward, along with the minister of industry,

Melanie Jolie ... and the minister of national defence, to

visiting (the) Thyssenkrupp Marine Systems facility in Kiel

later today," Mark said in a joint news conference with

Chancellor Friedrich Merz in Berlin.

Carney announced a new joint declaration on critical

minerals cooperation between the two countries, saying Canada

could play a major role in strengthening Germany's critical

mineral supply chain which Berlin is trying to diversify away

from reliance on China and Russia.

Examples include the partnership between Canadian mining

company Troilus Gold ( CHXMF ) and Hamburg-based Aurubis AG to

build a rare earth magnet supply chain between Quebec and

Germany.

Carney said Canada was mobilizing nearly half a

trillion dollars in investments for energy, port, and digital

infrastructure to support these efforts.

Last year, the two countries signed an agreement to

advance commercial-scale trade in clean hydrogen, but progress

remains uncertain as Germany's demand for green fuel continues

to lag.

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