Front Burner Is Trump coming for Canada’s critical minerals?
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Feb 20, 2025 
Jacob Lorinc, a mining reporter at Bloomberg, delves into the global critical minerals race and its geopolitical implications. He discusses how vital minerals, crucial for technology and military applications, are at the center of U.S.-China tensions. The conversation touches on Canada's strategic role, Trump's interest in Greenland's resources, and the urgent need for America to boost its domestic processing capabilities. Lorinc highlights the complexities of navigating environmental challenges while securing mineral supply chains that are increasingly influenced by global politics.
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The New Race for Resources
- The demand for critical minerals like nickel and lithium is surging due to their vital role in modern technologies.
- This mirrors the historical race for oil and gas during the industrial revolution.
US Dependence on China
- The U.S. lags behind China in critical mineral production and processing.
- This dependence gives China significant geopolitical leverage.
Canada's Mining Challenges
- Canada possesses abundant critical mineral reserves but faces challenges in mining them efficiently.
- Remote locations, environmental concerns, and consultations with indigenous groups contribute to delays.