#Canada unlikely to see long-term benefits of #US rare earth deal
Canada and the U.S. face stiff competition in the search for independence from China’s supply of the rare earth minerals used in phones, clean technology and missiles, says rare earths expert Anton Chakhmouradian.
An agreement signed between Canada and the U.S. is more likely to stimulate research and exploration than it is to translate into economic benefits from production in Canada this decade, he said.
Canada is “decades” behind China and Russia in research on extracting rare earths at a competitive cost or mass scale, said Chakhmouradian.
The U.S. is attempting to make up the gap. It has a research institute dedicated to rare earths, and views mineral independence as a key factor in its current trade war with China, said Chakhmouradian.