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Germany, Canada to deepen critical minerals cooperation in supply chain push
Published by Global Banking and Finance Review
Posted on August 26, 2025
2 min readLast updated: January 22, 2026
Global Banking and Finance Review
Company
Published by Global Banking and Finance Review
Posted on August 26, 2025
2 min readLast updated: January 22, 2026
Germany and Canada enhance cooperation on critical minerals to reduce reliance on China and strengthen supply chains.
BERLIN (Reuters) -Germany and Canada agreed on Tuesday to deepen cooperation on critical minerals amid growing global concern over China's export curbs and Berlin's push to reduce dependence on single sources.
Critical minerals like lithium, rare earth elements, copper, tungsten, gallium, germanium, and nickel are vital for Canada and Germany's defence systems, clean energy technologies, and advanced manufacturing.
China's April decision to halt exports of rare earths and related magnets has disrupted global supply chains, dealing a blow to automakers, aerospace firms, semiconductor producers, and military contractors.
German Economy Minister Katharina Reiche and Canada's Energy and Natural Resources Minister Tim Hodgson signed a declaration of intent to strengthen cooperation on critical minerals, focusing on midstream technologies such as processing, refining, and recycling.
The countries will coordinate efforts on critical minerals such as lithium, rare earth elements, copper, tungsten, gallium, germanium, and nickel by advancing joint projects through both public and private investment.
They also plan to encourage stronger commercial partnerships and research collaboration between companies and financial institutions.
The agreement is not legally binding and creates no financial commitments, with funding for activities subject to available appropriations and each country's domestic laws and regulations.
(Reporting by Riham AlkousaaEditing by Madeline Chambers)
Germany and Canada agreed to deepen cooperation on critical minerals to address global concerns over China's export curbs and to reduce dependence on single sources.
The agreement focuses on critical minerals such as lithium, rare earth elements, copper, tungsten, gallium, germanium, and nickel.
No, the agreement is not legally binding and creates no financial commitments, with funding subject to available appropriations and domestic laws.
German Economy Minister Katharina Reiche and Canada's Energy and Natural Resources Minister Tim Hodgson signed the declaration of intent.
The agreement encourages stronger commercial partnerships and research collaboration between companies and financial institutions in both countries.
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