CANADA'S CRITICAL MINERALS UPDATE: NEW ADDITIONS AND CRITERIA FOR CLASSIFICATION 2024
Critical minerals serve as the backbone of modern technology, indispensable in a vast array of products from mobile phones and solar panels to electric vehicle batteries, medical devices, and defense applications. The Government of Canada acknowledged the importance of critical minerals, identifying 34 minerals and metals on its critical minerals list, found below. Initially introduced in 2021, the list underwent an update in 2024, following consultations with various stakeholders. The 2024 update welcomed three new minerals: High-purity iron — Crucial for green steel production and