A representative of one of the largest automakers in the world said there is still a concern for the supply chain for the minerals needed to support the automotive battery vehicle market.
Thibault was one of the key speakers Thursday at Sudbury's BEV-In-Depth conference held at Cambrian College. He told the conference the battery electric vehicle industry needs more than raw materials such as nickel, copper, lithium and graphite. He said most of those minerals need some level of processing to convert them into cathode active materials and anode active materials that can be then used in the manufacture of automotive batteries.
What makes the project stand out for Thibault is that it meets GM’s requirements for raw materials that are secure, sustainable, scalable and cost competitive. Thibault said all the major auto companies are scrambling to get partnerships to acquire critical minerals, but if they cannot get what they need in North America, they are likely to turn to Asia.
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