BERLIN, Aug 26 (Reuters) - Germany and Canada agreed on
Tuesday to deepen cooperation on critical minerals amid growing
global concern over China's export curbs and Berlin's push to
reduce dependence on single sources.
Critical minerals like lithium, rare earth elements, copper,
tungsten, gallium, germanium, and nickel are vital for Canada
and Germany's defence systems, clean energy technologies, and
advanced manufacturing.
China's April decision to halt exports of rare earths and
related magnets has disrupted global supply chains, dealing a
blow to automakers, aerospace firms, semiconductor producers,
and military contractors.
German Economy Minister Katharina Reiche and Canada's Energy
and Natural Resources Minister Tim Hodgson signed a declaration
of intent to strengthen cooperation on critical minerals,
focusing on midstream technologies such as processing, refining,
and recycling.
The countries will coordinate efforts on critical minerals
such as lithium, rare earth elements, copper, tungsten, gallium,
germanium, and nickel by advancing joint projects through both
public and private investment.
They also plan to encourage stronger commercial partnerships
and research collaboration between companies and financial
institutions.
The agreement is not legally binding and creates no
financial commitments, with funding for activities subject to
available appropriations and each country's domestic laws and
regulations.