Our Statement on G7 Critical Minerals Action Plan

The Canadian Chamber, as president of the 2025 Business 7, supports the G7 joint statement on Critical Minerals issued in Kananaskis, Alberta today. We’re encouraged to see that the G7 is strongly aligned with the B7 in recognizing the central role that critical minerals play in our economic security.  

As a focus area of our B7 Communique, the B7’s recommendations on critical minerals aim to increase the G7 share of global critical minerals extraction and processing.  Specifically, the B7 recommendations call for establishing market stability to unlock investment in critical minerals; expanding and diversifying critical minerals supply to reduce strategic vulnerabilities; and building competitive and secure processing and recycling capabilities for critical minerals. With its focus on mobilizing capital and investing in partnerships through a new G7 Critical Action Plan, the G7 is taking important steps towards building its economic resilience.

As governments move to implement the Action Plan in the coming weeks and months, we encourage them to pursue the concept of a G7 Critical Minerals Security Secretariat, as recommended by the G7 business community. This would enhance coordination amongst the G7 on concrete initiatives that advance critical minerals supply chain resilience.

• Matthew Holmes, Executive Vice President and Chief of Public Policy, Canadian Chamber of Commerce

About the Canadian Chamber of Commerce — The Future of Business Success 

The Canadian Chamber of Commerce is Canada’s largest and most activated business network — representing over 400 chambers of commerce and boards of trade and more than 200,000 business of all sizes, from all sectors of the economy and from every part of the country — working to create the conditions for our collective success. The Canadian Chamber of Commerce is the undisputed champion and catalyst for the future of business success. From working with government on economy-friendly policy to providing services that inform commerce and enable trade, we give each of our members more of what they need to succeed: insight into markets, competitors and trends, influence over the decisions and policies that drive business success, and impact on business and economic performance.   

Media Contact

Shane Mackenzie
Vice President, Media and Stakeholder Communications
613.302.7683
smackenzie@chamber.ca