US, Canada and partners enter pact to secure critical minerals

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Massive amounts of these minerals will be needed to meet the United States’ emissions reduction goals, Jose Fernandez, under secretary for economic growth, energy and the environment at the State Department, said in a telephone interview.

“You will need six times more lithium by 2050 than you use today in order to meet the clean energy goals,” Fernandez said, speaking from Toronto. Canada “is an important supplier of critical minerals,” he added.

The minerals are key inputs in batteries, electric vehicles, wind turbines, and solar panels, and are also used in products ranging from computers to household appliances.

The Minerals Security Partnership will aim to help “catalyze investment from governments and the private sector for strategic opportunities … that adhere to the highest environmental, social, and governance standards,” the State Department said in a statement.

The U.S. government has been working with…

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