Critical minerals demand will boost Canadian mining
Significance Although low commodity prices deterred investment in recent years, this is changing as the market rallies. The creation of a regional electric vehicle (EV) supply chain straddling the Canada-US border has the potential to transform the Canadian mining sector while loosening China’s grip...
| Format: | Other/Unknown Material |
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| Language: | unknown |
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Emerald
2021
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| Online Access: | http://dx.doi.org/10.1108/oxan-db262041 https://www.emerald.com/insight/content/doi/10.1108/OXAN-DB262041/full/xml https://www.emerald.com/insight/content/doi/10.1108/OXAN-DB262041/full/html |
| Summary: | Significance Although low commodity prices deterred investment in recent years, this is changing as the market rallies. The creation of a regional electric vehicle (EV) supply chain straddling the Canada-US border has the potential to transform the Canadian mining sector while loosening China’s grip on the minerals used in high-performance batteries. Impacts Canada is the world’s eighth-largest cobalt producer and has significant copper, graphite and rare earth deposits. Fortune Minerals, which is developing a cobalt mine in Northwest Territories, has held funding talks with the US Export/Import Bank. First Cobalt is building North America’s only cobalt refinery to give battery makers an alternative source to the DRC. Several of the country’s mines are using cutting-edge technologies to reduce their carbon emissions. |
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