Ottawa to invest up to $400 million in Teck critical minerals smelter in B.C.

By Lauren Krugel – Cast Net

The federal government will invest up to $400 million into Teck Resources Ltd.’s critical minerals processing operations in southern B.C. as Ottawa looks to shore up supplies of metals used in the defence and green energy sectors.

“We are facing a trade war we did not ask for; the most volatile geopolitics since the end of World War II, which has led to the biggest energy crisis in modern history; technological change at a pace not seen in decades, mainly due to AI; and an accelerating clean energy transition,” Tim Hodgson, the federal natural resources minister, said in Trail, B.C., Monday.