Canada and India Forge Critical Minerals Partnership for Energy Security
Canada aims to strengthen its partnership with India in critical minerals and clean energy, focusing on uranium, coal, and rare earths. The collaboration is crucial as India targets a significant increase in nuclear power capacity, requiring substantial uranium imports from Canada.
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Canada is enhancing its role as a supplier of critical minerals and clean energy to India, which is pivotal for India's target of 100 GW of nuclear power. Canadian High Commissioner Chris Cooter emphasized the country's vast reserves, including 6 billion tons of metallurgical coal, and its position as the world's second-largest uranium producer.
With only a fraction of India's coal needs met currently, Canada plans to expand its mining approvals and export infrastructure, aiming for one-year approvals for new mines. Additionally, the establishment of North America's first rare earth processing facility in Saskatchewan highlights Canada's commitment.
Canada will also increase its energy export capacity, targeting 50 million tons of natural gas shipments within two years, addressing India's energy security. The partnership aligns with the global shift toward clean energy and the need for reliable supply chains amid geopolitical disruptions.
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