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Canada is officially designating certain critical minerals as a national security priority under the Defence Production Act, a move that would allow the federal government to support the mining industry by guaranteeing it a buyer and a minimum price.

The move was announced at a G7 energy and environment meeting in Toronto on Friday, where countries discussed countering China’s overwhelming dominance of critical mineral production. Those minerals are essential for modern technologies like electric vehicles and clean energy, and Western nations have been growing increasingly anxious over China’s control of their supply chain.

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Oh look! Socialism!

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[-] brucethemoose@lemmy.world 12 points 6 days ago

National stockpiles are just a good idea. Not only to they stabilize supply, but demand as well. And the stockpile makes cash (as it buys low during gluts and sells high during shortages).

[-] Thedogdrinkscoffee@lemmy.ca 6 points 6 days ago* (last edited 6 days ago)

Absolutely! I'm sure the Americans will keep their clean hands off filthy socialist minerals and will declare canada a terrorist state. They will maintain capitalist purity!

[-] brucethemoose@lemmy.world 5 points 6 days ago* (last edited 6 days ago)

I mean, the US govt keeps strategic stockpiles of various commodities too.

[-] Thedogdrinkscoffee@lemmy.ca 5 points 6 days ago

Yes, they are hypocrits aren't they.

[-] Reannlegge@lemmy.ca 7 points 6 days ago

We have a stock pile of maple syrup, Montreal I believe.

[-] Thedogdrinkscoffee@lemmy.ca 7 points 6 days ago
[-] NoneOfUrBusiness@fedia.io 1 points 6 days ago

One of these profits capitalists, the other doesn't.

this post was submitted on 01 Nov 2025
29 points (100.0% liked)

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