Germany and Canada announce deeper ties on critical minerals, defense – POLITICO

The countries’ economy ministers, looking toward that purpose, were set to sign an agreement on critical minerals, which was seen by POLITICO.

The accord will focus on the development of lithium, rare earth elements, copper tungsten, gallium, germanium and nickel to counter China’s monopolistic control of materials needed to power everything from military equipment and electric vehicles to quantum computing.

“One of the big vulnerabilities that’s been exposed by the Ukraine war, it was exposed by Covid, it’s been exposed by the changing global trade dynamics, [is] our vulnerabilities in supply chains including in critical metals and minerals,” said Carney. “Canada can play a role in accelerating that diversification for Germany and for Europe.”

Just like Brussels, Berlin is keen to slash its dependence on China for the so-called critical minerals needed to power the bloc’s green, digital and defense ambitions. Ottawa is an attractive partner to achieve that — Canada has some 200 mines extracting a variety of minerals and metals, many of which are classified as critical raw materials.

A number of Canadian Cabinet members, including Defense Minister David McGuinty, Industry Minister Mélanie Joly and Energy Minister Tim Hodgson traveled alongside Carney to Berlin.

Carney announced he would visit Thyssenkrupp Marine Systems in the northern German city of Kiel later Tuesday, alongside Joly and McGuinty, while Hodgson was set to deliver a major speech to CEOs from the energy, manufacturing and defense industries.