PDAC panellists credit supportive government policies with putting West on track to closing the critical minerals gap with China. Read more.
“I want to say this: Give government credit,” Ilan Bahar, co-head of BMO Capital Markets’ Global Metals & Mining Group, said in a panel discussion titled “Peaks and valleys in mineral sector financing” on March 6. “Policy has driven the supply side, but we’ve also seen government step in, both in Canada and the U.S. with funds as well, which is great.”Photo by Peter J. Thompson/National Post
Michael Faralla, head of Global Mining Investment Banking at TD Securities, said investments are only starting to materialize, and cited Quebec as a leader in Canada, but predicted Ontario and other parts of the country, along with the U.S., would soon see critical mineral ecosystems emerge.Article content
The port city of Bécancour is undergoing something of a renaissance, as General Motors Co. and South Korea’s POSCO Chemical build a $500-million cathode production facility while Germany’s BASF SE builds a second cathode facility of similar scale. In addition, there are several other proposed projects connected to critical minerals and clean energy in the city.Article content
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