Canada is home to vast reserves of critical minerals, including copper, nickel, potash, and uranium. But, within the broader category of critical minerals, sits a subset of especially prized inputs, rare earth elements, that are indispensable to modern technologies. Rare earth minerals are at the center of an urgent global race to secure reliable supplies.

Australia and the United States have moved rapidly to shape the strategic and economic landscape of rare earth supply and reduce dependence on China. Canada, despite having abundant rare earth reserves and resources, has been slower out of the gate, risking significant economic opportunities tied to this sector.

“In the global race for rare earths, ambition and visibility matter. Canada needs a stand-alone, Canada-first rare earth strategy, separate from the broader Canadian Critical Minerals Strategy,” said Laura Paglia, President and CEO of the Canadian Forum for Financial Markets (CFFiM). “Such a strategy would recognize the extraordinary leverage and strategic influence these elements offer and the unique dynamics that set them apart from other critical minerals.”

CFFiM’s paper sets out concrete recommendations to materially de-risk rare earth projects, catalyze supply-chain development, and enhance Canada’s competitiveness in the global rare earth market.

Read the CFFiM’s report, From Potential To Production: Attracting Capital To Canada’s Rare Earths Sector, online.

For all inquiries please contact CFFiM Public Affairs.