financetom
Business
financetom
/
Business
/
Germany, Canada to deepen critical minerals cooperation in supply chain push
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Germany, Canada to deepen critical minerals cooperation in supply chain push
Aug 26, 2025 3:08 AM

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.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Deals of the day-Mergers and acquisitions
Deals of the day-Mergers and acquisitions
Jan 7, 2025
Jan 7 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1030 GMT on Tuesday: ** Dutch computer chip maker NXP said it has agreed to buy Austria's TTTech Auto for $625 million, to strengthen its automotive operations. ** Swiss bank Julius Baer said it will sell its Brazilian domestic wealth management business to Banco BTG Pactual...
Israel cyber firms raise $4 billion in 2024 on surge of cloud, AI security needs
Israel cyber firms raise $4 billion in 2024 on surge of cloud, AI security needs
Jan 7, 2025
JERUSALEM (Reuters) - Israeli cybersecurity firms raised $4 billion in 2024, more than double that of 2023, led by firms seeking to protect the cloud along with a surge in artificial intelligence, global venture capital firm YL Ventures said on Tuesday. Cybersecurity has become a fast-growing segment of Israel's high-tech sector, which is a key economic growth driver accounting for...
Toyota Motor Partners With Nvidia on Autonomous Vehicle Systems
Toyota Motor Partners With Nvidia on Autonomous Vehicle Systems
Jan 7, 2025
06:18 AM EST, 01/07/2025 (MT Newswires) -- Nvidia ( NVDA ) said late Monday that Toyota Motor ( TM ) will build its next-generation vehicles on the Nvidia Drive Agx Orin platform as a new Nvidia ( NVDA ) partner. The upcoming Toyota ( TM ) vehicles will feature the Nvidia DriveOS operating system, which will provide advanced driving assistance...
Analysis-Airbus faces financial bill after end-year delivery crunch
Analysis-Airbus faces financial bill after end-year delivery crunch
Jan 7, 2025
PARIS (Reuters) - Airbus is counting the cost of last-minute financial concessions to airlines to overcome a spate of minor quality problems after scrambling to deliver a provisional 123 jets in December, industry sources said. The end-year rush brings preliminary 2024 deliveries to 766 jets, up 4% from 2023, but this is subject to internal audits, meaning it could still...
Copyright 2023-2026 - www.financetom.com All Rights Reserved