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Treasury Secretary Janet Yellen said the U.S. should work on shifting its dependence away from some rival nations for supplies of critical inputs as global supply-chain logjams have hurt the domestic economy.

Canada is a potential source of some products that countries have for many years obtained from China and Russia, Freeland said.

“What we can really contribute in a world of friend-shoring is critical metals and minerals and energy,” she said.

The U.S. already imports many minerals from Canada, including cobalt, nickel, aluminum and graphite. Freeland pointed out her government has earmarked $3.8 billion in its federal budget to implement a new critical minerals strategy over eight years.

Read more at: https://financialpost.com/news/economy/yellen-urges-less-dependence-on-other-nations-for-key-supplies