Particle.news

Download on the App Store

Canada, Germany Seal Critical Minerals Deal as Submarine Contest Narrows to TKMS and Hanwha

The push seeks to reduce reliance on China, tying defence spending to domestic industry.

Prime Minister Mark Carney is met by a welcoming committee as he disembarks a government plane in Berlin on Aug. 25.
Image
Prime Minister Mark Carney departs a press conference at the National Press Theatre in Ottawa, on Aug. 22.
Prime Minister Mark Carney arrives for a joint media availability with German Chancellor Friedrich Merz (not shown) at the Federal Chancellery in Berlin, Germany on Tuesday, Aug. 26, 2025. THE CANADIAN PRESS/Christinne Muschi

Overview

  • Prime Minister Mark Carney and Chancellor Friedrich Merz announced in Berlin that ministers will sign a memorandum on critical raw materials, with Canada highlighting joint public financing and cooperation spanning processing, refining and recycling.
  • Carney said the pact will also deepen energy coordination, including liquefied natural gas and hydrogen, as both countries look to secure inputs for green, digital and defence sectors.
  • Ottawa confirmed it has shortlisted Germany’s ThyssenKrupp Marine Systems and South Korea’s Hanwha Ocean for Canada’s plan to buy up to 12 conventionally powered submarines, with Carney touring TKMS’s shipyard in Kiel on Tuesday.
  • The Berlin stop follows a new CanadaPoland strategic partnership covering trade, defence, aviation, cybersecurity and clean energy, with Canada named lead country at a major Polish defence industry expo next year.
  • Carney’s trip included meetings with Ukrainian leaders and Canadian trainers under Operation Unifier, and he said security guarantees for Ukraine are under discussion without committing to specifics.