Global Race for Rare Earths Heats Up — Canada Must Act Fast, Advises CFFiM
Press Release
November 20, 2025
Canada is home to vast reserves of critical minerals, including copper, nickel, potash, and uranium. But, within the broader category of critical minerals, sits a subset of especially prized inputs, rare earth elements, that are indispensable to modern technologies. Rare earth minerals are at the center of an urgent global race to secure reliable supplies.
Australia and the United States have moved rapidly to shape the strategic and economic landscape of rare earth supply and reduce dependence on China. Canada, despite having abundant rare earth reserves and resources, has been slower out of the gate, risking significant economic opportunities tied to this sector.
“In the global race for rare earths, ambition and visibility matter. Canada needs a stand-alone, Canada-first rare earth strategy, separate from the broader Canadian Critical Minerals Strategy,” said Laura Paglia, President and CEO of the Canadian Forum for Financial Markets (CFFiM). “Such a strategy would recognize the extraordinary leverage and strategic influence these elements offer and the unique dynamics that set them apart from other critical minerals.”
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