The Wall Street Journal today has an editorial on the Resolution Copper project, highlighting it as a prime example of why it takes too long to build anything in the United States and calling for permitting reform.
Critical Metals Corp has signed a ten-year offtake agreement to supply rare earth concentrate to Ucore Rare Metal's US processing facility. Critical Metals expects to supply up to 10,000 metric tons of the concentrate annually from its project in Greenland to Ucore's Department of Defense funded processing facility in Louisiana—a key step toward reducing US reliance on foreign sources for heavy rare earths.
And looking abroad, Canada is reportedly collaborating with international allies to fund critical mineral projects – particularly on minerals that are currently under China's export restrictions - in the hopes of diversifying the supply chain and reducing dependence on China.
Canada's Energy and Natural Resources Minister said the group is looking to execute deal similar to the recent MP Materials deal but, he said, "The difference between the MP Materials deal is all of the output goes to the United States there. We are interested in doing these sorts of deals in partnership with our allies to share the output with our allies." End quote.
In addition, Canada has taken steps to protect its domestic steel industry from global pressures by introducing a tariff rate quota.
