Canada's Mining Association Exposes C$126 Billion Import Dependence?and a Great Powers Era 2.0 Value Gap

Highlights

• Canada holds 15.2 million tonnes of rare-earth-oxide resources yet has zero commercial REE mine production, exposing a critical upstream-to-midstream gap.
• 69% of Canada's mineral exports are Stage 1 or Stage 2 products, while 44% of imports are the most processed Stage 4 category—a stark value-chain deficit.
• China controls 91.4% of magnet-REE refining, illustrating why the strategic prize is processing and conversion, not ore ownership.
• Saskatchewan Research Council is building Canadian REE separation and NdPr metal capacity, but its initial feedstock will come from Brazil, South Africa, and Vietnam.
• REEx argues investors should assign strategic premiums to projects controlling separation, metallization, alloying, magnet manufacturing, and qualified Western offtake—not just deposit size.