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Canada designates high-purity iron as critical mineral

13 июн 2024 16:56 reported by Ranny Fang

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Canada has added high-purity iron to its critical minerals list, totaling 34. This update, announced by the Minister of Energy and Natural Resources, follows extensive reviews to guide federal policy and reflect government priorities. High-purity iron is vital for green steel production and decarbonization.

The revised list supports sustainable mining, advanced manufacturing, and clean technology. The producer Champion Iron, which is developing a direct reduction pellet project in Eastern Canada, praised the inclusion. CEO David Cataford noted that Labrador Trough's significant high-purity iron resources position Canada as a green steel supply chain leader. Champion Iron remains committed to leveraging local resources and community support for ongoing growth projects.

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