Critical Minerals and Energy Intelligence

Green Minerals Alliance is a Longshot

As reported by Reuters, at the COP15 biodiversity summit in Montreal, a group of Western countries came together to launch The Sustainable Critical Minerals Alliance. It brings together Canada, the U.S., the UK, Germany, France, Australia, and Japan. The goal is to source and produce key EV materials like lithium, nickel, and cobalt from countries with stronger environmental rules and labor protections.

Canada’s Natural Resources Minister Jonathan Wilkinson stated that if major players like China and Russia want to stay in the game, they’ll need to raise their standards. “Unless China and Russia are willing to adopt higher benchmarks,” he said, “we’ll look for alternatives wherever we can.”

Okay, I’m fighting hard to suppress the cynic in me. The COP summits are famous for generating grandiose multi-government statements. China dominates battery metal refining and processing, and Russia is a major nickel player. It’s no surprise that Canada was quick to get out a statement, and it’s also true that Western nations would love to break out from China’s shadow in the critical minerals space but honestly, I just can’t see this alliance achieving much. My advice to those nations? You have the power to create meaningful change in your own backyard and grow robust domestic supply chains that will reduce reliance on foreign imports, so why not do so?

Anthony Milewski

Chairman, Nickel 28 Capital

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