Canadian Prime Minister Mark Carney speaks during a press conference at the National Press Theatre in Ottawa, Ontario, Canada, on July 30, 2025. Dave Chan/AFP via Getty Images
Prime Minister Mark Carney has continued his trade diversification efforts during a visit to Germany, pledging to cooperate on critical minerals with Europe’s largest economy and opening the door to exporting liquified natural gas (LNG).
Carney made the stop in Germany on Aug. 26, after visits earlier this week in Ukraine and Poland. During the visit, Canada and Germany signed a Joint Declaration of Intent to increase cooperation in critical minerals, in order to secure supply chains, collaborate on research, and co-fund new projects.
Carney said that Russia’s invasion of Ukraine, COVID-19, and changes in the global trade dynamic have exposed vulnerabilities in supply chains for metals and critical minerals.
“Germany has been amongst the leaders in beginning that diversification away from China, particularly China and Russia,” Carney said during a press conference, adding that Canada can play a role in that diversification.
Critical minerals in Canada are extracted and processed in nearly every province and territory and include several dozen minerals and metals. Those are used in a range of technological applications from smartphones to military equipment.
The joint declaration by Canada and Germany says the two countries will focus coordination on lithium, rare earth elements, copper, tungsten, gallium, germanium, and nickel. The declaration is not binding and does not impose any financial commitment on the signing parties.
Carney cited some agreements that have been made during his visit between Canadian and German companies in the field of critical minerals as an example of growing cooperation. Canadian mining company Troilus Gold Corporation, for example, has reached a supply agreement with German smelting company Aurubis AG to provide 75,000 metric tonnes of cooper-gold concentrate annually.
Aside from critical minerals, the Prime Minister’s Office (PMO) said deeper cooperation with Germany on LNG and hydrogen is being explored. The PMO said Canada will begin discussions on supplying LNG to German buyers while also advancing the development of a transatlantic hydrogen corridor.
Ottawa’s openness to explore LNG exports to Europe is a change from the previous Liberal government.
During the visit of then-German Chancellor Olaf Scholz to Canada in 2022, former Prime Minister Justin Trudeau was not optimistic about sending LNG to Germany. Months earlier, Russia, which supplied most of Germany’s gas, had invaded Ukraine, leading Berlin to scramble to find alternative sources of energy.
“There has never been a strong business case because of the distance from the gas fields, because of the need to transport that gas over long distances before liquefaction,” Trudeau said at the time.
The new Liberal government has pledged to build new infrastructure to diversify trade and boost Canada’s economy. Carney cited this strategy when asked by a German reporter how he plans to supply Germany and Europe with raw materials when there are no pipelines or terminals.
“There’s a huge range of immediate opportunities with respect to critical metals and minerals, and there are medium-term opportunities with respect to all forms of energy, including LNG and hydrogen,” Carney said.
The prime minister added that his government is on the verge of “unleashing half a trillion dollars” on energy infrastructure, including in ports.
He said the formal announcements will be made in the next two weeks and will include expanding the Port of Montreal at Contrecoeur and the Port of Churchill in Manitoba. He also mentioned other unspecified East Coast ports.
This will “open up enormous LNG, plus other opportunities,” Carney said.
These moves are likely part of the major projects deemed in the national interest for which the approval and construction will be sped up under the One Canadian Economy Act, also known as Bill C-5, adopted by Parliament before the summer break.