intends to increase processing to 40%

Canada has also agreed to spend billions to support the transition to electric vehicles and energy.

Over the summer, the government provided up to $15 billion CAD to automaker Stellantis and battery maker LGES to build an EV battery plant in Ontario.

Canada is also supplying billions to boost critical materials mining in the country.

The EU Green Deal Industrial Plan also sets targets for the region to mine 10% of the critical raw materials it consumes, with recycling adding another 15%. The bloc also intends to increase processing to 40% of its needs by 2030.