Established in 1980, Northern Ontario Business provides Canadians and international investors with relevant, current and insightful editorial content and business news information about Ontario’s vibrant and resource-rich North. Ian Ross is the editor of Northern Ontario Business ianross@nob.on.ca.
Canada is increasingly being looked upon by Germany as a source of supply for strategic raw materials. The 500-member Canadian German Chamber of Industry and Commerce is promoting Canada as a stable and viable place to invest, establish a presence and form strategic partnerships.
With Canada acknowledged as a global mining hub and a friendly producer of metals, the chamber is pushing for more business relationships between the two countries as mineral resources are taking a new priority in the European country.
“The German companies are realizing that Canada has a lot of potential and it’s politically stable,” said Aarti Soerensen, the chamber’s manager of mining and mineral resources. “It’s not a complicated country.”
Germany is one of the world’s largest consumers of raw materials and its companies are increasingly looking for secure sources of resources to feed its high-tech manufacturing and processing sector.
Spurred by global events with China’s increasing grip in accessing strategic resources and the race for Africa’s mineral wealth, Germany’s federal ministry of economics and technology launched a new raw materials strategy in 2010.