Raw materials sector brings GDP growth
(PresseBox) - According to a study, Canada could increase its economic output through raw materials projects.
If raw material projects are accelerated, increased GDP growth of 1.1 trillion CA$ by 2035 would be possible. To be precise, an increase in GDP of around 4.5 percent would be possible over the next ten years. It is primarily about accelerating investment decisions. According to the "Build Big Things" report, the country could improve its rather weak productivity and strengthen the critical minerals and energy sectors in particular.
The participation of indigenous population groups and improved access to capital are also in focus. Various procedures are to be extended to two years. Canada is also shying away from the threat of US tariffs. Simplified approval procedures and accelerated project approvals would of course also be beneficial for mining companies. Because there is potential, especially in mining. Canada is one of the most important countries in the gold, cobalt, nickel, platinum group metals, uranium and aluminum sectors. The world s largest potash salt deposits are also located in Canada.
The potash needed to feed the world s growing population is also available in Gabon, Africa, from Millennial Potash - https://www.commodity-tv.com/ondemand/companies/profil/millennial-potash-corp/ -. Mining friendliness and large, rich potash deposits are an advantage there.
Among the important raw materials available in Canada are raw materials such as copper and zinc for modern technologies.
These are included in Foran Mining s - https://www.commodity-tv.com/ondemand/companies/profil/foran-mining-corp/ - projects in Saskatchewan, in addition to gold and silver. The company estimates that commercial production will begin at the McIIvenna Bay project in the first half of 2026.
Current company information and press releases from Foran Mining (- https://www.resource-capital.ch/en/companies/foran-mining-corp/ -) and Millennial Potash (- https://www.resource-capital.ch/en/companies/millennial-potash-corp/ -).
In accordance with ?34 WpHG I would like to point out that partners, authors and employees may hold shares in the respective companies addressed and thus a possible conflict of interest exists. No guarantee for the translation into English. Only the German version of this news is valid.
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Datum: 28.05.2025 - 09:13 Uhr
Sprache: Deutsch
News-ID 722314
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