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| Canada Peru critical minerals agreement |
Bilateral Agreement Targets Responsible Mineral Development
Canada and Peru signed a memorandum of understanding (MOU) to advance critical minerals and sustainable mining. The agreement reflects strong bilateral trade and cooperation in responsible resource development. Meanwhile, both governments emphasize fostering innovation, promoting sustainable extraction, and building a skilled workforce for low-carbon industrial growth.
Strategic Investments and G7 Critical Minerals Alliance
Canada is the second-largest investor in Peru’s mining sector, holding C$11.2 billion across 67 companies. As part of the G7 Critical Minerals Production Alliance, this MOU aims to accelerate trusted international partnerships. Furthermore, Ottawa has secured 21 similar agreements, unlocking $18.5 billion in project capital within six months. These investments enhance supply security of minerals essential to electrification and green technologies.
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| Canada Peru critical minerals agreement |
Implications for Sustainable Mining and Global Supply Chains
This Canada-Peru MOU promotes transparent, environmentally responsible mining while increasing critical minerals supply for battery, electric vehicle, and renewable energy sectors. As a result, the collaboration strengthens North-South trade ties and supports global efforts to decarbonize industrial supply chains. The agreement also positions both countries as reliable sources of high-quality, low-carbon critical minerals.
ScrapInsight Commentary
The MOU highlights a strategic shift toward sustainable sourcing of critical minerals, addressing global supply chain risks. Analysts expect Canadian investments in Peru to expand electrification materials availability. Long-term, this partnership supports responsible mining and strengthens the low-carbon transition across North American and global markets.
