Overview
- Canada named 26 investments and partnerships under the alliance, aiming to unlock about $6.4 billion for projects spanning graphite, rare earth elements and scandium.
- Ottawa announced offtake agreements with Nouveau Monde Graphite and Rio Tinto, up to $500 million in potential Export Development Canada financing for Vianode’s synthetic graphite plant in Ontario, and up to $36 million to scale Ucore’s rare earth processing in Kingston.
- The United States and China agreed to a one‑year pause on some rare‑earth export controls, a short‑term easing that officials and experts warned does not resolve long‑term supply concentration risks.
- Canada said it will use the Defence Production Act to begin stockpiling selected critical minerals to strengthen domestic capabilities and support allied defence supply chains.
- G7 ministers issued a Call to Action on enhancing energy security, released a roadmap for standards‑based critical‑minerals markets, and delivered a joint statement on nuclear and fusion energy.