The Canadian Mining Industry Outlook-Webinar Recording

Video Transcription
Video Summary
In this webinar, Brendan Marshall and Jeff Smith from the Mining Association of Canada discuss the mining industry in Canada, the impact of COVID-19 on the sector, and the potential for growth in 2021. They highlight Canada's significant mining industry, which accounts for 5% of the GDP and employs over 700,000 people. They also mention the challenges faced by the industry during the pandemic, such as operational disruptions and supply chain issues. However, they note that the industry has seen a recovery in recent months, with prices for minerals and metals rebounding and even surpassing pre-pandemic levels. Marshall and Smith also discuss the potential policy drivers for future growth, including the partnership between the Canadian and US governments in the critical minerals space. They highlight the importance of critical minerals, such as rare earths, in various industries and the need for material independence from China's control of the market. Additionally, they mention the Canadian government's focus on establishing a battery electric vehicle supply chain and the support for mining and metal manufacturing in this sector. They conclude by discussing the impact of infrastructure delays on the mining industry and the challenges of project approval in Canada. Overall, Marshall and Smith express optimism for the industry's growth and emphasize the importance of effective policies and regulations to support the sector.
Keywords
mining industry
Canada
COVID-19
growth
GDP
employment
challenges
recovery