Canada's federal budget will include an investment of at least C$2 billion ($1.6 billion) for a strategy to accelerate the production and processing of critical minerals needed for the electric vehicle (EV) battery supply chain, two senior government sources said.
MINERALSince it can take many years - even a decade or more - to open new mines, Wilkinson said some of the projects being considered involve "tailings from existing mines from which you could extract critical"We're looking at brines and oil sands, tailings ponds, and all of those things," he said.
Brendan Marshall, the vice president of economic and northern affairs for the Mining Association of Canada, said this kind of project would require research. "There needs to be research and development" to develop technologies that can identify and separate criticalstrategy will focus on, among other things, driving research, innovation and exploration, one of the sources said.
GM said on Monday that it was investing C$2 billion on two plants, including one that will produce an electric vehiclewith South Korea's POSCO ChemicalScott Bell, the president and managing director of GM Canada, said last month that Canada's abundance of nickel and other raw materials would be used to make cathode active material is that our country has, so we need to start aggressively ramping up the mining and processing required," Canadian Industry Minister Francois-Philippe...
"We are behind the eight ball collectively in the West, behind China," Karayannopoulos said in a telephone interview. "China is dominating this space ... We need a lot of money because we're playing
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Canada to invest $2B on mineral strategy for EV battery supply chainCanada's federal budget will include an investment of at least $2 billion for a strategy to accelerate the production and processing of critical minerals needed for the electric vehicle (EV) battery supply chain, two senior government sources said.
Read more »
Poet wrote about Vietnam War horrors before moving from U.S. to CanadaPart of a wave of Americans who emigrated during divisive conflict, she eventually established herself in Ontario, writing acclaimed poetry and practising psychotherapy
Read more »
Vaccinated travellers to Canada won't need a COVID-19 test starting FridayICYMI - Travellers could still be randomly tested when they arrive in Canada
Read more »
Canada may have hit its long-awaited electric vehicle turning point | CBC NewsCompelling carmakers to sell a specific percentage of EVs has been proven to work not just in places like California but right here in Canada. Despite evident reluctance by manufacturers to make the shift to electric, this could be the turning point.
Read more »
Telecom complaints in Canada have decreased, but disclosure issues and bill problems still top list: reportA new report found that complaints from Canadian telecom and TV customers decreased 26% between Aug. 1, 2021 and Jan. 31, 2022 compared with the same period a year earlier
Read more »
Opinion: Canada needs a unified approach for people fleeing Ukraine and AfghanistanOttawa has unjustifiably provided different supports and services to Ukrainians and Afghans trying to escape to safety
Read more »