Merz, Carney sign German-Canadian agreement on critical raw materials

Germany and Canada signed a memorandum of understanding Tuesday to boost cooperation on mining critical raw materials. Chancellor Friedrich Merz called it a step to strengthen both economies, while Prime Minister Mark Carney highlighted Canada’s rich deposits of lithium and rare earths. The deal comes amid concerns over China’s dominance in the global supply of these minerals, heightened by recent Chinese export controls, Yahoo News has reported.