‘Timing is right’ for NWT to harness critical minerals boom, says minister
Canada’s Northwest Territories is positioned to capitalize on the coming critical minerals supply crunch, says the territory’s Industry, Tourism and Investment minister.
Biden plans to allow mines that produce EV metals to be developed under existing environmental standards, rather than face a tightened process that would apply to other materials.
Prices for some rare earths in China, such as praseodymium-neodymium, have spiked to multi-year highs this year amid strong demand from the electric vehicle sector.