While projects in the United States are busy digging through red tape, companies in Canada are digging for the lithium to satisfy future demand for EVs.
At the centre of North America’s fledgling battery supply chain — and at the positive end of essentially every electric-vehicle battery to be built for the foreseeable future — is lithium.
New mines and processing plants cannot come online soon enough, he said. If governments and industry cannot come together to build an integrated supply chain for lithium, “there’s an existential threat to the entire North American automobile industry,” Gross said. But the slow process in the United States “presents an opportunity” for Canada, Ampofo said, as Canadian lithium bundled into batteries would help vehicles qualify for the updated US $7,500 EV tax credit recently enacted by the U.S. government.
“Multiple advanced projects targeting lithium from both hard rock and unconventional sources are expected to come into operation in the next five years,” Anthony Ertl, a spokesman for NRCan, wrote in an email to Automotive News Canada. Hard-rock deposits in Quebec and Ontario, as well as at Snow Lake Lithium’s site in Manitoba, will generally require conventional, open-pit mines. or what Gross describes as “old-school mining.”One company, Calgary-based E3 Lithium, is scaling up technology that quickly extracts lithium from brine trapped in underground formations.
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