Critical minerals demand will boost Canadian mining

• Format: Other/Unknown Material
• Language: unknown
• Published: Emerald 2021
• Subjects: Canada; Northwest Territories
• 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

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.