Avalon comments on the Canadian Rare Earth Element Network.
posted on
Oct 22, 2014 08:15AM
Creating A Supply Chain to Serve the Needs of Battery & Ceramic Manufacturers
On October 7, 2014, the House of Commons Standing Committee on Finance (“the Committee’) had the opportunity to hear from the Canadian Rare Earth Element Network (“CREEN”) as part of Pre-budget Consultations 2014.
The goal was to inform the Committee and the Canadian Government about a compelling opportunity for the strategic and economic benefit of Canada. To effectively communicate the substance of the opportunity, CREEN (represented by its Chair, Ian London), highlighted three key messages:
Questions from the committee included the China factor, the role of Canadian universities in research initiatives, the constraints and impediments facing CREEN and the strength of “brand Canada” in the global REE market.
CREEN is seeking support of $25 million over five years to, “leverage Canada's leading rare earth resource position and technical reputation, cement Canada's position in global rare earth product supply chains and international trade, develop highly qualified personnel, and create and sustain jobs and economic growth in the emerging critical raw materials industry.”
Avalon is a founding member of CREEN and supports the network’s efforts to collaborate with industry partners and the Canadian Government to position Canada as a global leader in the secure, sustainable supply of strategic, critical raw materials such as the rare earth elements.
Full transcripts of the Committee meeting are available at:
http://www.parl.gc.ca/HousePublications/Publication.aspx?DocId=6720877&Language=E&Mode=1&Parl=41&Ses=2.
Video and audio recordings are available at:
http://parlvu.parl.gc.ca/ParlVu/ContentEntityDetailView.aspx?contententityid=12106&date=20141007&lang=en.
If you have any comments or questions on this article or the rare earths generally, please do not hesitate to contact Avalon directly at [email protected].
ABOUT AVALON RARE METALS INC.