Mineral Resources and Canadian-American Trade - Double-Edged Vulnerability

"The current American ""energy crisis"", occurring in the midst of a global debate on the adequacy of mineral supplies to support present and projected levels of world consumption, has focused attention on Canada as a major world producer of minerals. Exports of minerals account for approximately one-third of Canadian foreign earnings; more than half of these exports are to the United States. Although the United States is a net importer of most industrially important metals, with the exception of nickel and zinc, only a small part of American mineral imports are from Canada; these imports are minerals for which geographical proximity and strategic considerations are important. In the short-term, Canada is more dependent on her exports to the U.S. than America is on imports from Canada. It is argued that Canada, far from indulging in economic nationalism to preserve her resources, should expand her exports while the markets are available."