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China News Agency, Toronto, March 6 (Reporter Yu Ruidong) The 4-day 2023 Canadian International Mining Conference kicked off in Toronto on the 5th.

Exhibitors and industry insiders from all over the world will conduct exhibitions and sales of related technologies, products and services, mining rights transactions and industry seminars on various topics during the conference.

Julie Debrassin, Parliamentary Secretary of Canada's Minister of Natural Resources, who attended the opening ceremony of the conference, said that the mineral resources needed for a clean energy future have become a geopolitical issue, and at the same time will promote economic growth and create sustainable employment opportunities. Canada has thus placed critical minerals at the heart of its resource-driven economic strategy. She said that the key mineral strategy launched by the Canadian government at the end of last year is a direct response to the instability of the supply chain, and will accelerate Canada's development of key mineral resources and related expertise, and promote the establishment of a stronger relationship with domestic and foreign trading partners. connect.

The Canadian government released its Critical Minerals Strategy in early December last year and provided $3.8 billion in federal funding to support a range of industry initiatives ranging from geosciences and exploration to mineral processing, manufacturing and recycling applications. The strategy focuses on 31 key minerals including lithium, graphite, nickel, cobalt, copper and rare earth elements. The move comes after the Canadian government tightened approvals for foreign investment in key minerals.

An annual industry financial report released before the conference by the Canadian Association of Prospectors and Developers, the organizer of the conference, believes that the rapidly changing economic situation has led to a decline in metal prices and available capital in the mining sector over the past year, but due to a better financing atmosphere in 2021 Carrying over into the plans of most explorers, last year's exploration spending remained robust. Lithium prices will rise significantly in 2022, and it is expected to remain the first choice of many investors and mineral explorers in 2023.