According to the report, the total value of mineral and metal production has quadrupled since 2000. Canada is among the top producers of metals and non-metallic minerals in the world. It is the top producer of potash, second largest producer of niobium and uranium, and third largest producer of precious diamonds and palladium (by metal content).
In 2022, mining, quarrying and oil and gas extraction represented 7.8% of Canada’s gross domestic product (GDP). The sector made up a larger portion of Canada’s economy than finance, construction, transportation or retail trade, MAC said.
Extraction, mining services, primary metal/mineral manufacturing and downstream metal/mineral manufacturing all saw substantial increases in contribution to Canada’s GDP in 2022, according to the report.
Extraction contributed C$45 billion to GDP, an increase of 21% from 2021. Mining services contributed C$10.1 billion to GDP, an increase of 50%…
