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Saskatchewan is positioning itself as a major player in the global rare earth metals market to diversify supply chains and reduce dependency on China, which currently dominates the sector. The Saskatchewan Research Council's Rare Earth Processing Facility in Saskatoon is the first in North America to process these critical elements from both mined and recycled sources, aiming to support the burgeoning electric vehicle and renewable energy markets. This initiative is expected to stimulate economic growth, create jobs, and enhance geopolitical stability, although it faces challenges related to environmental sustainability and social responsibility.
By Dr. Tony HoangSaskatchewan is positioning itself as a major player in the global rare earth metals market to diversify supply chains and reduce dependency on China, which currently dominates the sector. The Saskatchewan Research Council's Rare Earth Processing Facility in Saskatoon is the first in North America to process these critical elements from both mined and recycled sources, aiming to support the burgeoning electric vehicle and renewable energy markets. This initiative is expected to stimulate economic growth, create jobs, and enhance geopolitical stability, although it faces challenges related to environmental sustainability and social responsibility.