Quebec’s Plan for the Development of Critical and Strategic Minerals: A second year confirming Quebec’s attractiveness and leadership

According to the World Bank and the International Energy Agency, the global energy and technological transition to a low-carbon economy will generate strong demand for critical and strategic minerals (CSMs), including nickel, lithium, graphite, rare earths and copper. In many cases, a handful of countries control the global production of critical minerals, and the COVID-19 pandemic has revealed the extent to which our supply chains may be vulnerable. More recently, we have seen the impact the situation in Ukraine has had on Europe’s resource and the additional uncertainty it has created for exports to other countries. Since CSM supplies are also at high risk, some states and companies have sought to diversify their sources. Quebec appears well-positioned to seize the opportunity to develop new markets and value chains within its territory.